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Content analysis
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8th grade Avg
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Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(In millions) |
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| 10 Month |
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| Transition |
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| Fiscal Year Ended |
| Period Ended |
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| 12/31/2006 |
| 12/31/2005 |
| 12/31/2004 |
| 12/31/2003 |
| 12/31/2002 |
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Earnings: |
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Earnings (loss) before income taxes |
| $ | 90.0 |
| $ | 34.3 |
| $ | (20.5 | ) | $ | (51.5 | ) | $ | (68.1 | ) |
Fixed charges, excluding capitalized interest |
| 63.6 |
| 62.1 |
| 87.7 |
| 73.9 |
| 60.7 |
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Total earnings (loss) |
| $ | 153.6 |
| $ | 96.4 |
| $ | 67.2 |
| $ | 22.4 |
| $ | (7.4) |
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Fixed Charges: |
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Interest Expense |
| $ | 42.2 |
| $ | 59.1 |
| $ | 75.4 |
| $ | 69.7 |
| $ | 58.5 |
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Capitalized Interest |
| — |
| — |
| — |
| — |
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Amortization of deferred debt issuance costs and loss on debt extinguishment |
| 21.4 |
| 3.0 |
| 12.3 |
| 4.2 |
| 2.2 |
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Total Fixed Charges |
| $ | 63.6 |
| $ | 62.1 |
| $ | 87.7 |
| $ | 73.9 |
| $ | 60.7 |
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Ratio of earnings (loss) to total fixed charges |
| 2.4 |
| 1.6 |
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| * |
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* Earnings were insufficient to cover fixed charges by $20.5, $51.5 and $68.1 for the fiscal years ended December 31, 2004 and December 31, 2003 and for the transition period ended December 31, 2002, respectively.