Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
The following table shows the ratio of earnings to fixed charges of the Company for the periods indicated. For purposes of computing the ratio of earnings to fixed charges, earnings represents income (loss) from continuing operations before income taxes and fixed charges. Fixed charges represents interest expense, including amortization of debt discount and debt issuance costs and such portion of rental expense that represents an appropriate interest factor.
Year ended December 29, 2007 | Year ended January 3, 2009 | Year ended January 2, 2010 | Year ended January 1, 2011 | Year ended December 31, 2011 | ||||||||||||||||
| Earnings: | ||||||||||||||||||||
| Income (loss) from continuing operations before taxes | $ | 19,889 | $ | (333,403 | ) | $ | (70,629 | ) | $ | (250,900 | ) | $ | 8,449 | |||||||
Interest expense, including amortization of debt discount and debt issuance costs | 91,467 | 107,321 | 106,063 | 121,037 | 115,968 | |||||||||||||||
| Interest portion of rental expense | 13,596 | 12,632 | 10,392 | 8,515 | 9,013 | |||||||||||||||
Total Earnings: | $ | 124,952 | $ | (213,450 | ) | $ | 45,826 | $ | (121,348 | ) | $ | 133,430 | ||||||||
| Fixed Charges: | ||||||||||||||||||||
Interest expense, including amortization of debt discount and debt issuance costs | $ | 91,467 | $ | 107,321 | $ | 106,063 | $ | 121,037 | $ | 115,968 | ||||||||||
| Interest portion of rental expense | 13,596 | 12,632 | 10,392 | 8,515 | 9,013 | |||||||||||||||
Total Fixed Charges: | $ | 105,063 | $ | 119,953 | $ | 116,455 | $ | 129,552 | $ | 124,981 | ||||||||||
Ratio of Earnings to Fixed Charges | 1.2 | x | — | (1) | — | (1) | — | (1) | 1.1 | x | ||||||||||
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| (1) | For the years ended January 3, 2009, January 2, 2010 and January 1, 2011, earnings were inadequate to cover fixed charges by approximately $333.4 million, $70.6 million and $250.9 million, respectively. |