Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

Flag Intermediate Holdings Corporation



|                                            |  |                          |       |   |      |   |       |      |  |   |       |   |  |      |       |    |  |   |      |  
|------------------------------------------- |  | ------------------------ | ----- | - | ---- | - | ----- | ---- |  | - | ----- | - |  | ---- | ----- | -- |  | - | ---- | -
|                                            |  | Years Ended December 31, |      
|                                            |  | 2006                     |       |   | 2007 |   |       | 2008 |  |   | 2009  |   |  | 2010 |      
|                                            |  | (dollars in millions)    |      
|COMPUTATION OF EARNINGS                     |  |                          |       |   |      |   |       |      |  |   |       |   |  |      |       |    |  |   |      |  
|Income (loss) before taxes                  |  | $                        | 65.4  |   |      | $ | 55.9  |      |  | $ | 152.7 |   |  |      | (53.7 | )  |  |   | 23.1 |  
|Net interest expense                        |  |                          | 54.1  |   |      |   | 57.6  |      |  |   | 54.5  |   |  |      | 44.9  |    |  |   | 37.2 |  
|Interest portion of operating lease expense |  |                          | 6.1   |   |      |   | 6.7   |      |  |   | 6.4   |   |  |      | 6.3   |    |  |   | 4.9  |  
|                                            |  |                          |       |   |      |   |       |      |  |   |       |   |  |      |       |    |  |   |      |  
|Earnings                                    |  | $                        | 125.6 |   |      | $ | 120.2 |      |  | $ | 213.6 |   |  | $    | (2.5  | )  |  | $ | 65.2 |  
|                                            |  |                          |       |   |      |   |       |      |  |   |       |   |  |      |       |    |  |   |      |  
|COMPUTATION OF FIXED CHARGES                |  |                          |       |   |      |   |       |      |  |   |       |   |  |      |       |    |  |   |      |  
|Net interest expense                        |  | $                        | 54.1  |   |      | $ | 57.6  |      |  | $ | 54.5  |   |  | $    | 44.9  |    |  | $ | 37.2 |  
|Capitalized interest                        |  |                          |      |   |      |   |      |      |  |   |      |   |  |      |      |    |  |   |     |  
|Interest portion of operating lease expense |  |                          | 6.1   |   |      |   | 6.7   |      |  |   | 6.4   |   |  |      | 6.3   |    |  |   | 4.9  |  
|                                            |  |                          |       |   |      |   |       |      |  |   |       |   |  |      |       |    |  |   |      |  
|Fixed Charges                               |  | $                        | 60.2  |   |      | $ | 64.3  |      |  | $ | 60.9  |   |  | $    | 51.2  |    |  | $ | 42.1 |  
|                                            |  |                          |       |   |      |   |       |      |  |   |       |   |  |      |       |    |  |   |      |  
|RATIO OF EARNINGS TO FIXED CHARGES          |  |                          | 2.1   | x |      |   | 1.9   | x    |  |   | 3.5   | x |  |      | (0.0  | )x |  |   | 1.5  | x
|                                            |  |                          |       |   |      |   |       |      |  |   |       |   |  |      |       |    |  |   |      |  
|DEFICIENCY OF EARNINGS TO FIXED CHARGES     |  | $                        |      |   |      | $ |      |      |  | $ |      |   |  | $    | 53.7  |    |  | $ |     |  
|                                            |  |                          |       |   |      |   |       |      |  |   |       |   |  |      |       |    |  |   |      |