| Predecessor Company (1) | Successor Company | ||||||||||||||||||||||||||||
| Period from | Period from | Period from | Period from | ||||||||||||||||||||||||||
| Year ended | January 1, 2002 | November 1, 2002 | Year ended | Year ended | January 1, 2005 | December 1, 2005 | |||||||||||||||||||||||
| December 31, | to | to | December 31, | December 31, | to | to | |||||||||||||||||||||||
| 2001 | October 31, 2002 | December 31, 2002 | 2003 | 2004 | November 30, 2005 | December 31, 2005 | |||||||||||||||||||||||
COMPUTATION OF EARNINGS |
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Income (loss) before taxes |
$ | (461.3 | ) | $ | 35.3 | $ | (2.3 | ) | $ | 12.7 | $ | 167.8 | $ | 70.2 | $ | (3.2 | ) | ||||||||||||
Net interest expense |
49.6 | 15.8 | 1.3 | 5.7 | 8.4 | 12.0 | 4.1 | ||||||||||||||||||||||
Interest portion of operating lease expense |
7.6 | 5.5 | 0.9 | 4.8 | 5.4 | 5.2 | 0.5 | ||||||||||||||||||||||
Earnings |
$ | (404.1 | ) | $ | 56.6 | $ | (0.1 | ) | $ | 23.2 | $ | 181.6 | $ | 87.4 | $ | 1.4 | |||||||||||||
COMPUTATION OF FIXED CHARGES |
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Net interest expense |
$ | 49.6 | $ | 15.8 | $ | 1.3 | $ | 5.7 | $ | 8.4 | $ | 12.0 | $ | 4.1 | |||||||||||||||
Capitalized interest |
— | — | — | — | — | — | — | ||||||||||||||||||||||
Interest portion of operating lease expense |
7.6 | 5.5 | 0.9 | 4.8 | 5.4 | 5.2 | 0.5 | ||||||||||||||||||||||
Fixed Charges |
$ | 57.2 | $ | 21.3 | $ | 2.2 | $ | 10.5 | $ | 13.8 | $ | 17.2 | $ | 4.6 | |||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES |
(7.1 | ) x | 2.7 | x | (0.0 | ) x | 2.2 | x | 13.3 | x | 5.1 | x | 0.3 | x | |||||||||||||||
DEFICIENCY OF EARNINGS TO FIXED CHARGES |
$ | 461.3 | $ | — | $ | 2.3 | $ | — | $ | — | $ | — | $ | 3.2 | |||||||||||||||
| (1) | We applied “Fresh-Start Reporting” to our consolidated balance sheet as of October 31, 2002 in accordance with SOP 90-7. Under “Fresh-Start Reporting,” a new reporting entity is considered to be created and the recorded amounts of assets and liabilities are adjusted to reflect their estimated fair values at the date “Fresh-Start Reporting” is applied. Company. On October 31, 2002, we emerged from bankruptcy. As a result of the application of “Fresh-Start Reporting,” our financial information of any date or for periods after November 1, 2002 is not comparable to our historical financial information before November 1, 2002. As a result of the emergence from bankruptcy and for the purpose of presentation, activities subsequent to October 31, 2002 relate to our Successor Company and activities prior to November 1, 2002 relate to our Predecessor |