Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
Period from | Period from | |||||||||||||||||||||||
January 1, 2006 | August 2, 2006 | Year Ended | ||||||||||||||||||||||
Year Ended December 31, | to August 1, | to December 31, | December 31, | |||||||||||||||||||||
2003 | 2004 | 2005 | 2006 | 2006 | 2007 | |||||||||||||||||||
Predecessor | Successor | |||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||
Statement of Operations Data: | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Net income (loss) | $ | 12,724 | $ | 3,820 | $ | 7,219 | $ | (21,471 | ) | $ | 5,377 | $ | 10,676 | |||||||||||
Provision (benefit) for income taxes | 7,449 | 2,539 | 4,652 | (9,240 | ) | 3,012 | 3,393 | |||||||||||||||||
Fixed charges | 21,737 | 24,719 | 28,110 | 16,795 | 15,726 | 40,676 | ||||||||||||||||||
Total earnings (deficiency) (a) | $ | 41,910 | $ | 31,078 | $ | 39,981 | $ | (13,916 | ) | $ | 24,115 | $ | 54,745 | |||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest, including amortization of debt issuance costs | $ | 20,393 | $ | 23,096 | $ | 26,249 | $ | 15,557 | $ | 14,832 | $ | 38,213 | ||||||||||||
Interest component of rent expense | 1,344 | 1,623 | 1,861 | 1,238 | 894 | 2,463 | ||||||||||||||||||
Total fixed charges (b) | $ | 21,737 | $ | 24,719 | $ | 28,110 | $ | 16,795 | $ | 15,726 | $ | 40,676 | ||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Ratio of earnings available to cover fixed charges (a) / (b) | 1.9 | x | 1.3 | x | 1.4 | x | 1.5 | x | 1.3 | x | ||||||||||||||
Deficiency of earnings available to cover fixed charges (a) – (b) | $ | (30,711 | ) | |||||||||||||||||||||