Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Years Ended December 31, | For the Nine Months Ended September 30, 2006 | ||||||||||||||||||
2001 | 2002 | 2003 | 2004 | 2005 | |||||||||||||||
Earnings Before Fixed Charges: | |||||||||||||||||||
Net income (loss) | $ | (85.4 | ) | $ | 36.3 | $ | 31.8 | $ | 42.4 | $ | 60.7 | $ | 70.3 | ||||||
Add: Income tax provision (benefit) | (40.4 | ) | 16.2 | 20.5 | 26.0 | 35.0 | 61.8 | ||||||||||||
Less/add: Equity (income) loss of minority-owned companies | 0.2 | — | — | — | — | — | |||||||||||||
Add: Extraordinary loss from early extinguishment of debt (net of income taxes) | — | — | — | — | 6.1 | — | |||||||||||||
Add: Amortization of capitalized interest | — | — | — | — | — | — | |||||||||||||
Add: Fixed charges | 13.4 | 14.3 | 22.4 | 32.2 | 98.1 | 97.1 | |||||||||||||
Total earnings available for fixed charges | $ | (112.1 | ) | $ | 66.8 | $ | 74.7 | $ | 100.6 | $ | 199.9 | $ | 229.2 | ||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 11.8 | $ | 12.6 | $ | 19.2 | $ | 27.6 | $ | 84.3 | $ | 83.5 | |||||||
Interest component of rental expense | 1.6 | 1.7 | 3.2 | 4.6 | 13.8 | 13.3 | |||||||||||||
Total fixed charges before capitalized interest | 13.4 | 14.3 | 22.4 | 32.2 | 98.1 | 96.8 | |||||||||||||
Capitalized interest | — | — | — | — | — | 0.3 | |||||||||||||
Total Fixed Charges | $ | 13.4 | $ | 14.3 | $ | 22.4 | $ | 32.2 | $ | 98.1 | $ | 97.1 | |||||||
Ratio of Earnings to Fixed Charges | (a | ) | 4.7 | 3.3 | 3.1 | 2.0 | 2.4 |
(a) | For the year ended December 31, 2001, the loss was insufficient to cover the fixed charges by approximately $125.6 million. |