Exhibit 12.1
Ratio of Earnings to Fixed Charges
Fiscal Year Ended | ||||||||||||||||||||||||
(in thousands) | December 31, 2006 | December 31, 2007 | December 31, 2008 | December 31, 2009 | December 31, 2010 | December 31, 2011 | ||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Pre-tax loss | $ | (49,941 | ) | $ | (36,347 | ) | $ | (64,142 | ) | $ | (46,548 | ) | $ | (43,639 | ) | $ | (31,143 | ) | ||||||
Fixed Charges | 8,551 | 17,307 | 88,273 | 97,277 | 91,981 | 88,612 | ||||||||||||||||||
Total Earnings (loss) | $ | (41,390 | ) | $ | (19,040 | ) | $ | 24,131 | $ | 50,729 | $ | 48,342 | $ | 57,469 | ||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense, including amortized discount and deferred debt costs | $ | 8,250 | $ | 15,953 | $ | 81,061 | $ | 92,305 | $ | 88,883 | $ | 85,999 | ||||||||||||
Interest related to VAT liability not charged to customers | 0 | 1,079 | 6,528 | 4,205 | 2,293 | 1,808 | ||||||||||||||||||
Interest element of rent expense | 301 | 275 | 684 | 767 | 805 | 805 | ||||||||||||||||||
Total Fixed Charges | $ | 8,551 | $ | 17,307 | $ | 88,273 | $ | 97,277 | $ | 91,981 | $ | 88,612 | ||||||||||||
Deficiency | 49,941 | 36,347 | 64,142 | 46,548 | 43,639 | 31,143 |