EX-12.1 3 v400228_ex12-1.htm EXHIBIT 12.1

 

Exhibit 12.1

 

RATIO OF EARNINGS TO FIXED CHARGES

(IN THOUSANDS)

(UNAUDITED)

 

   Year Ended December 31,   Nine Months
Ended September 30,
 
   2013   2012   2011   2010   2009   2014   2013 
FIXED CHARGES:                                   
Interest expensed and capitalized  $28,198   $26,068   $25,544   $23,561   $980   $29,197   $20,169 
Amortized premiums, discounts and capitalized expenses (included above)   -    -    -    -    -    -    - 
Estimate of interest within rental expense   -    -    -    -    -    -    - 
Preference security dividend   -    -    -    -    -    -    - 
Total Fixed Charges  $28,198   $26,068   $25,544   $23,561   $980   $29,197   $20,169 
                                    
EARNINGS:                                   
Pretax income from continuing operations before adjustment for minority interest in consolidated subsidiaries or income or loss from equity investees  $(54,468)  $(19,392)  $(8,549)  $(28,047)  $(17,419)  $(72,958)  $(41,457)
Fixed Charges   28,198    26,068    25,544    23,561    980    29,197    20,169 
Distributed income of equity investees   -    -    -    -    -    -    - 
Total Earnings  $(26,270)  $6,676   $16,995   $(4,486)  $(16,439)  $(43,761)  $(21,288)
                                    
Ratio of Earnings to Fixed Charges   -0.9x   0.3x   0.7x   -0.2x   -16.8x   -1.5x   -1.1x