Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratios)
| | | Successor | | | Predecessor | |
| | | | | | | | | | | | | |
| | | | | | Period | | | Period | | | | |
| | | | | | August 15, | | | July 1, | | | | |
| | | | | | 2007 | | | 2007 | | | | |
| | | Year Ended | | | through | | | through | | | Year Ended | |
| | | June 30, | | | June 30, | | | August 14, | | | June 30, | |
| | | 2009 | | | 2008 | | | 2007 | | | 2007 | |
| | | | | | | | | | | | | |
| Earnings: | | | | | | | | | | | | |
| Income (loss) from continuing operations before income taxes | | $ | (92,020 | ) | | $ | (139,531 | ) | | $ | (21,239 | ) | | $ | 33,729 | |
| Add: fixed charges | | | 86,277 | | | | 76,810 | | | | 584 | | | | 3,848 | |
| Total adjusted earnings (loss) | | $ | (5,743 | ) | | $ | (62,721 | ) | | $ | (20,655 | ) | | $ | 37,577 | |
| | | | | | | | | | | | | | | | | |
| Fixed Charges: | | | | | | | | | | | | | | | | |
| Interest expense | | $ | 79,052 | | | $ | 71,144 | | | $ | 58 | | | $ | 585 | |
| Amortization of deferred financing costs | | | 4,771 | | | | 3,514 | | | | 217 | | | | 87 | |
| Rentals at computed interest factor (1) | | | 2,454 | | | | 2,152 | | | | 309 | | | | 3,176 | |
| Total fixed charges | | $ | 86,277 | | | $ | 76,810 | | | $ | 584 | | | $ | 3,848 | |
| | | | | | | | | | | | | | | | | |
| Ratio of Earnings to Fixed Charges* | | | * | | | | * | | | | * | | | | 9.8 | x |
| (1) | Amounts represent one-third of rent expense, which we believe to be representative of the interest factored in these rentals. |
| * The deficit of earnings to fixed charges was $92.0 million for the year ended June 30, 2009, $139.5 million for the period August 15, 2007 through June 30, 2008 and $21.2 million for the period July 1, 2007 through August 14, 2007. |
