EX-12.1 7 exhibit121ratioofearningst.htm EX-12.1 Exhibit 12.1 Ratio of Earnings to Fixed Charges Dec 2014



Exhibit 12.1


Computation of Ratio of Earnings to Fixed Charges
(In thousands except ratio of earnings to fixed charges)

 
Year Ended
 
December 31, 2014
 
December 31, 2013
 
December 31, 2012
 
December 30, 2011
 
December 31, 2010
Earnings:
 
 
 
 
 
 
 
 
 
   Loss from continuing operations before income taxes
$
(60,081
)
 
$
(39,656
)
 
$
(38,491
)
 
$
(59,402
)
 
$
(52,849
)
   Fixed charges
57,445

 
55,960

 
56,721

 
57,586

 
70,492

 Total earnings
$
(2,636
)
 
$
16,304

 
$
18,230

 
$
(1,816
)
 
$
17,643

 
 
 
 
 
 
 
 
 
 
 Fixed charges:
 
 
 
 
 
 
 
 
 
   Interest expense
$
55,518

 
$
54,078

 
$
54,858

 
$
55,579

 
$
68,333

   Implicit interest in rent expense
1,927

 
1,882

 
1,863

 
2,007

 
2,159

        Total fixed charges
$
57,445

 
$
55,960

 
$
56,721

 
$
57,586

 
$
70,492

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
—

 
0.29x

 
0.32x

 
—

 
0.25x



*
Earnings were insufficient to cover fixed charges by $60.1 million, $39.7 million, $38.5 million, $59.4 million, and $52.8 million for the years ended December 31, 2014, December 31, 2013, December 31, 2012, December 30, 2011 and December 31, 2010, respectively.