Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Year ended November 30, | Nine Months ended August 31, | |||||||||||||||||||||||
2004 | 2005 | 2006 | 2007 | 2008 | 2009 | |||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (57.3 | ) | $ | (235.7 | ) | $ | (43.7 | ) | $ | 23.0 | $ | 2.5 | $ | 30.3 | |||||||||
Earnings of non-consolidated subsidiaries | -- | -- | -- | -- | -- | -- | ||||||||||||||||||
Minority Interest | -- | -- | -- | -- | -- | -- | ||||||||||||||||||
Fixed charges | 43.9 | 28.4 | 32.2 | 32.7 | 32.5 | 26.4 | ||||||||||||||||||
Earnings available for fixed charges | $ | (13.4 | ) | $ | (207.3 | ) | $ | (11.5 | ) | $ | 55.7 | $ | 35.0 | $ | 56.7 | |||||||||
Fixed Charges | ||||||||||||||||||||||||
Amortization of debt issuance costs | $ | 6.4 | $ | 2.0 | $ | 2.1 | $ | 2.0 | $ | 2.8 | $ | 4.2 | ||||||||||||
Interest Expense | 35.0 | 23.6 | 27.2 | 28.6 | 27.7 | 19.5 | ||||||||||||||||||
Portion of Rent Expense Representing Interest | 2.5 | 2.8 | 2.9 | 2.1 | 2.0 | 2.7 | ||||||||||||||||||
Total Fixed Charges | $ | 43.9 | $ | 28.4 | $ | 32.2 | $ | 32.7 | $ | 32.5 | $ | 26.4 | ||||||||||||
Ratio of Earnings to Fixed Charges | * | * | * | 1.7 | x | 1.1 | x | 2.1 | x | |||||||||||||||
*Our earnings were insufficient to cover fixed charges.