Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

    Successor
   Predecessor
   Pro Forma
  
    October 4,
2005 to
December 31,
2005
   January 30,
2005 to
October 3,
2005
     Fiscal Year
   Fiscal Year
2005
 
        2004
   2003
   2002
   2001
  
    (dollars in thousands, except ratio data)  

Computation of Earnings

                                              

Income before taxes and other party interests in consolidated entities

   $ 29,077   $ (22,167 )   $ 39,702   $ 31,690   $ 21,895   $ 13,056   $ (4,691 )

Fixed charges

     12,430     8,979       13,779     12,364     12,072     11,161     37,796  
   
 
 
 
 
 
 

Earnings

   $ 41,507   $ (13,188 )   $ 53,481   $ 44,054   $ 33,967   $ 24,217     33,105  
   
 
 
 
 
 
 

Computation of Fixed Charges

                                              

Interest expense

     8,781     978       1,556     1,464     1,629     1,531     26,146  

Portion of rentals deemed to be interest

     3,649     8,001       12,223     10,900     10,443     9,630     11,650  
   
 
 
 
 
 
 

Fixed Charges

   $ 12,430   $ 8,979     $ 13,779   $ 12,364   $ 12,072   $ 11,161   $ 37,796  
   
 
 
 
 
 
 

Ratio of Earnings to Fixed Charges(1)

     3.3     (1.5 )     3.9     3.6     2.8     2.2     0.9  
   
 
 
 
 
 
 
(1) For purposes of calculating the ratio of earnings to fixed charges, earnings consist of income from continuing operations before income taxes plus fixed charges. Fixed charges include: (i) interest expense, whether expensed or capitalized; (ii) amortization of debt issuance cost; and (iii) the portion of rental expenses representative of the interest factor, which is calculated based upon 1/3 of rental expenses related to operating leases.
(2) Pro forma financial data is presented to give effect to the offering, the use of proceeds thereof and the transactions.