EX-12.1 2 v408231_ex12-1.htm EXHIBIT 12.1

 

Exhibit 12.1

 

 

RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)
(UNAUDITED)

 

    Year Ended December 31,
    2014   2013   2012   2011   2010
FIXED CHARGES:                                        
Interest expensed and capitalized   $ 38,539     $ 28,198     $ 26,068     $ 25,544     $ 23,561  
Amortized premiums, discounts and capitalized expenses (included above)     —       —       —       —       —  
Estimate of interest within rental expense     —       —       —       —       —  
Preference security dividend     —       —       —       —       —  
Total Fixed Charges   $ 38,539     $ 28,198     $ 26,068     $ 25,544     $ 23,561  
EARNINGS:                                        
Pretax income from continuing operations before adjustment for minority interest in consolidated subsidiaries
or income or loss from equity investees		   $ (131,991 )    $ (54,468 )    $ (19,392 )    $ (8,549 )    $ (28,047 ) 
Fixed Charges     38,539       28,198       26,068       25,544       23,561  
Distributed income of equity investees     —       —       —       —       —  
Total Earnings   $ (93,452 )    $ (26,270 )    $ 6,676     $ 16,995     $ (4,486 ) 
Ratio of Earnings to Combined Fixed Charges     (2.42 )      (0.93 )      0.26       0.67       (0.19 )