Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
| Successor | Predecessor | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | Year Ended December 31, | |||||||||||||||||||||
| Three Months Ended March 29, 2008 | Three Months Ended March 31, 2007 | Year Ended December 31, 2007 | November 4, 2006 through December 31, 2006 | January 1, 2006 through November 3, 2006 | ||||||||||||||||||||||
| 2005 | 2004 | 2003 | ||||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes and minority interests | $ | (35,017 | ) | $ | (13,351 | ) | $ | (124,510 | ) | $ | (50,313 | ) | $ | (57,456 | ) | $ | 15,548 | $ | 8,502 | $ | (2,277 | ) | |||||
Plus: Fixed charges | 46,221 | 14,328 | 88,558 | 8,853 | 36,106 | 29,452 | 7,474 | 5,579 | |||||||||||||||||||
Less: Interest expense capitalized | (29 | ) | (16 | ) | (160 | ) | (36 | ) | (85 | ) | (193 | ) | — | — | |||||||||||||
Less: Minority interests in pretax income from continuing operations with no incurred fixed charges | (200 | ) | (77 | ) | (415 | ) | (39 | ) | (158 | ) | (140 | ) | (95 | ) | — | ||||||||||||
Earnings (loss) from continuing operations, adjusted | $ | 10,975 | $ | 884 | $ | (36,527 | ) | $ | (41,535 | ) | $ | (21,593 | ) | $ | 44,667 | $ | 15,881 | $ | 3,302 | ||||||||
Fixed Charges: | |||||||||||||||||||||||||||
Interest expensed and capitalized | $ | 45,216 | $ | 14,037 | $ | 87,108 | $ | 8,647 | $ | 35,247 | $ | 28,702 | $ | 7,068 | $ | 5,287 | |||||||||||
Estimated interest within rental expense | 1,005 | 291 | 1,450 | 206 | 859 | 750 | 406 | 292 | |||||||||||||||||||
Total fixed charges | $ | 46,221 | $ | 14,328 | $ | 88,558 | $ | 8,853 | $ | 36,106 | $ | 29,452 | $ | 7,474 | $ | 5,579 | |||||||||||
Ratio of earnings to fixed charges | — | — | — | — | — | 1.52 | 2.12 | — | |||||||||||||||||||
Shortfall | (35,246 | ) | (13,444 | ) | (125,085 | ) | (50,388 | ) | (57,699 | ) | — | — | (2,277 | ) |