Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Successor | Predecessor | Successor | Predecessor | |||||||||||||||||||||||||||||||||||||||
Period From October 1, 2010 Through December 31, 2010 | Period From July 1, 2010 Through September 30, 2010 | Years Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | 2011 | 2010 | ||||||||||||||||||||||||||||||||||||
COMPUTATION OF EARNINGS: | ||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income taxes | $ | 129,266 | $ | 90,636 | $ | 353,439 | $ | (147 | ) | $ | (113,641 | ) | $ | 516,292 | $ | 485,235 | $ | 274,257 | $ | 239,836 | ||||||||||||||||||||||
Fixed charges | 64,670 | 90,293 | 459,570 | 686,668 | 854,844 | 702,133 | 425,180 | 129,650 | 207,470 | |||||||||||||||||||||||||||||||||
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$ | 193,936 | $ | 180,929 | $ | 813,009 | $ | 686,521 | $ | 741,203 | $ | 1,218,425 | $ | 910,415 | $ | 403,907 | $ | 447,306 | |||||||||||||||||||||||||
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COMPUTATION OF FIXED CHARGES: | ||||||||||||||||||||||||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||||||||||||||||
Interest expense | $ | 63,767 | $ | 89,364 | $ | 455,254 | $ | 681,459 | $ | 848,681 | $ | 696,600 | $ | 419,360 | $ | 127,644 | $ | 205,314 | ||||||||||||||||||||||||
Implicit interest in rent | 903 | 929 | 4,316 | 5,209 | 6,163 | 5,533 | 5,820 | 2,006 | 2,156 | |||||||||||||||||||||||||||||||||
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$ | 64,670 | $ | 90,293 | $ | 459,570 | $ | 686,668 | $ | 854,844 | $ | 702,133 | $ | 425,180 | $ | 129,650 | $ | 207,470 | |||||||||||||||||||||||||
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RATIO OF EARNINGS TO FIXED CHARGES | 3.0X | 2.0X | 1.8X | (a | ) | (b | ) | 1.7x | 2.1x | 3.1x | 2.2x | |||||||||||||||||||||||||||||||
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(a) | The amount of the coverage deficiency for the year ended June 30, 2009, was approximately $0.1 million. |
(b) | As a result of the $212.6 million pre-tax write-off of goodwill, the amount of the coverage deficiency for the year ended June 30, 2008, was approximately $113.6 million. |