Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions)
| Predecessor | Successor | ||||||||||||||||||
| 2004 | 2005 | 2006 | January 1 to October 19, 2007 | October 20 to December 31, 2007 | 2008 | ||||||||||||||
Pre-tax income (loss) from continuing operations before income or loss from equity investees | $ | 73.6 | $ | 156.6 | $ | 109.8 | $ | 104.2 | $ | (19.0 | ) | $ | 29.9 | ||||||
Fixed charges: | |||||||||||||||||||
Interest expense | 24.0 | 76.0 | 70.7 | 55.1 | 30.8 | 109.9 | |||||||||||||
Rentals, primarily buildings | 5.4 | 10.2 | 10.7 | 7.8 | 2.2 | 10.0 | |||||||||||||
Total fixed charges | $ | 29.4 | $ | 86.2 | $ | 81.4 | $ | 62.9 | $ | 33.0 | $ | 119.9 | |||||||
Pre-tax income (loss) from continuing operations before income or loss from equity investees plus fixed charges | $ | 103.0 | $ | 242.8 | $ | 191.2 | $ | 167.1 | $ | 14.0 | $ | 149.8 | |||||||
Ratio of earnings to fixed charges(1) | 3.5 | 2.8 | 2.3 | 2.7 | — | 1.2 | |||||||||||||
Earnings deficiency | $ | 19.0 | |||||||||||||||||
| (1) | The Company accounts for interest and penalties related to uncertain tax positions as part of income tax expense, and therefore, these charges are not included as a component of interest expense within fixed charges. |