Exhibit 12.1
Computation of Ratio of Earnings to fixed charges
Historical | ||||||||||||||||
Pre-Predecessor | Predecessor | |||||||||||||||
(dollars in millions) | As of and for the year ended December 31, 2002 | As of and for the year ended December 31, 2003 | As of and for the year ended December 31, 2004 | As of and for the year ended December 31, 2005 | For the period from January 1, 2006 to August 15, 2006 | As of and for the period from August 16, 2006 to December 31, 2006 | ||||||||||
COMPUTATION OF EARNINGS | ||||||||||||||||
Income before taxes | (19.0 | ) | (18.9 | ) | 145.5 | 60.1 | 110.6 | 71.9 | ||||||||
Net interest expense | 37.0 | 33.6 | 27.3 | 28.5 | 12.7 | 6.3 | ||||||||||
Interest portion of operating lease expenses | 2.6 | 2.4 | 0.7 | 0.9 | 0.4 | 0.7 | ||||||||||
Earnings | 20.6 | 17.1 | 173.5 | 89.5 | 123.7 | 78.9 | ||||||||||
COMPUTATION OF FIXED CHARGES | ||||||||||||||||
Net interest expense | 37.0 | 33.6 | 27.3 | 28.5 | 12.7 | 6.3 | ||||||||||
Capitalized Interest | — | — | — | — | — | 10.0 | ||||||||||
Interest portion of operating lease expense | 2.6 | 2.4 | 0.7 | 0.9 | 0.4 | 0.7 | ||||||||||
Fixed Charges | 39.6 | 36.0 | 28.0 | 29.4 | 13.1 | 17.0 | ||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 0.5 | 0.5 | 6.2 | 3.0 | 9.4 | 4.6 | ||||||||||
Computation of Ratio of Earnings to Fixed Charges
Historical | ||||||||||||
Pre-Predecessor | Predecessor | Successor | ||||||||||
(dollars in millions) | For the period from January 1, 2006 to August 15, 2006 | As of and for the period from August 16, 2006 to September 30, 2006 | For the period from January 1, 2007 to May 17, 2007 | As of and for the period from May 18, 2007 to September 30, 2007 | ||||||||
COMPUTATION OF EARNINGS | ||||||||||||
Income before taxes | 110.6 | 21.1 | 26.6 | 10.2 | ||||||||
Net interest expense | 12.7 | 1.8 | 6.3 | 41.7 | ||||||||
Interest portion of operating lease expenses | 0.4 | 0.1 | 0.2 | 0.2 | ||||||||
Earnings | 123.7 | 23.0 | 33.1 | 52.1 | ||||||||
COMPUTATION OF FIXED CHARGES | ||||||||||||
Net interest expense | 12.7 | 1.8 | 6.3 | 41.7 | ||||||||
Capitalized Interest | — | — | — | — | ||||||||
Interest portion of operating lease expense | 0.4 | 0.1 | 0.2 | 0.2 | ||||||||
Fixed Charges | 13.1 | 1.9 | 6.5 | 41.9 | ||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 9.4 | 12.1 | 5.1 | 1.2 | ||||||||