Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
Pre-Predecessor | Predecessor | Successor | ||||||||||||||||||||||||
(dollars in millions) | For the year ended December 31, 2003 | For the year ended December 31, 2004 | For the year ended December 31, 2005 | For the period from January 1, 2006 to August 15, 2006 | For the period from August 16, 2006 to December 31, 2006 | For the period from January 1, 2007 to May 17, 2007 | For the period from May 18, 2007 to December 31, 2007 | |||||||||||||||||||
$ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||
COMPUTATION OF EARNINGS | ||||||||||||||||||||||||||
Income (loss) before taxes | (18.9 | ) | 145.5 | 60.1 | 110.6 | 65.6 | 27.9 | 13.3 | ||||||||||||||||||
Net interest expense | 33.6 | 27.3 | 28.5 | 12.7 | 6.3 | 6.3 | 67.2 | |||||||||||||||||||
Interest portion of operating lease expenses | 2.4 | 0.7 | 0.9 | 0.4 | 0.7 | 0.2 | 0.9 | |||||||||||||||||||
Earnings | 17.1 | 173.5 | 89.5 | 123.7 | 72.6 | 34.4 | 81.4 | |||||||||||||||||||
COMPUTATION OF FIXED CHARGES | ||||||||||||||||||||||||||
Net interest expense | 33.6 | 27.3 | 28.5 | 12.7 | 6.3 | 6.3 | 67.2 | |||||||||||||||||||
Capitalized interest | — | — | — | — | — | — | — | |||||||||||||||||||
Interest portion of operating lease expense | 2.4 | 0.7 | 0.9 | 0.4 | 0.7 | 0.2 | 0.9 | |||||||||||||||||||
Fixed charges | 36.0 | 28.0 | 29.4 | 13.1 | 7.0 | 6.5 | 68.1 | |||||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 0.5 | 6.2 | 3.0 | 9.4 | 10.4 | 5.3 | 1.2 | |||||||||||||||||||