S-4: Registration of securities issued in business combination transactions
Published on February 24, 2006
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Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth our ratio of earnings to fixed charges on a reported basis for the periods indicated. Earnings consist of income (loss) from continuing operations plus fixed charges. Fixed charges consist of interest expense and amortization of deferred financing costs. We have calculated the ratio of earnings to fixed charges by adding net income (loss) from continuing operations to fixed charges and dividing that sum by such fixed charges.
Ratio of Earnings to Fixed Charges
|
|
Year Ended December 31, |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
2001 |
2002 |
2003 |
2004 |
2005 |
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| (Loss) income from continuing operations | $ | (22,253 | ) | $ | (4,335 | ) | $ | 27,396 | $ | 10,069 | $ | 30,151 | |||
| Interest expense | 33,204 | 34,381 | 23,388 | 44,008 | 34,771 | ||||||||||
| Income before fixed charges | $ | 10,951 | $ | 30,046 | $ | 50,784 | $ | 54,077 | $ | 64,922 | |||||
| Interest expense | $ | 33,204 | $ | 34,381 | $ | 23,388 | $ | 44,008 | $ | 34,771 | |||||
| Total fixed charges | $ | 33,204 | $ | 34,381 | $ | 23,388 | $ | 44,008 | $ | 34,771 | |||||
| Earnings / fixed charge coverage ratio | * | * | 2.2x | 1.2x | 1.9x | ||||||||||
- *
- Our earnings were insufficient to cover fixed charges by $22,253 and $4,335 in 2001 and 2002, respectively. In addition, our ratio of earnings to fixed charges has been revised to reflect the impact of the implementation of the Statement of Accounting Standard No. 144, Accounting for the Impairment and Disposal of Long-Lived Assets.
RATIO OF EARNINGS TO FIXED CHARGES