Exhibit 12.1
Ratio of Earnings to Fixed Charges
Fiscal Year Ended | Six Months Ended | |||||||||||||||||||||||||||
(in thousands) | December 31, 2006 | December 31, 2007 | December 31, 2008 | December 31, 2009 | December 31, 2010 | June 30, 2010 | June 30, 2011 | |||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Pre-tax loss | $ | (49,941 | ) | $ | (36,347 | ) | $ | (64,142 | ) | $ | (46,548 | ) | $ | (43,639 | ) | $ | (13,347 | ) | $ | (21,002 | ) | |||||||
Fixed Charges | 8,551 | 17,307 | 88,273 | 97,277 | 91,981 | 47,909 | 45,394 | |||||||||||||||||||||
Total Earnings (loss) | $ | (41,390 | ) | $ | (19,040 | ) | $ | 24,131 | $ | 50,729 | $ | 48,342 | $ | 34,562 | $ | 24,392 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest expense, including amortized discount and deferred debt costs | $ | 8,250 | $ | 15,953 | $ | 81,061 | $ | 92,305 | $ | 88,883 | $ | 46,431 | $ | 44,058 | ||||||||||||||
Interest related to VAT liability not charged to customers | 0 | 1,079 | 6,528 | 4,205 | 2,293 | 1,076 | 934 | |||||||||||||||||||||
Interest element of rent expense | 301 | 275 | 684 | 767 | 805 | 402 | 402 | |||||||||||||||||||||
Total Fixed Charges | $ | 8,551 | $ | 17,307 | $ | 88,273 | $ | 97,277 | $ | 91,981 | $ | 47,909 | $ | 45,394 | ||||||||||||||
Deficiency | 49,941 | 36,347 | 64,142 | 46,548 | 43,639 | 13,347 | 21,002 |