EX-12.1 60 d755134dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth our ratio of earnings to fixed charges for the periods indicated (in thousands):

 

     Year Ended December 31,      Six Months Ended
June 30,
 
     2009      2010      2011      2012      2013      2013      2014  

Deficiency of Earnings to Fixed Charges

   $ 46,298       $ 3,311       $ 37,301       $ 13,572       $ 12,909       $ 1,815       $ 78,488   

For purposes of calculating the ratio of earnings to fixed charges:

 

    “earnings” consist of loss from continuing operations before income taxes and fixed charges; and

 

    “fixed charges” consist of interest (expensed), amortization of premiums, discounts and deferred financing costs, and an estimate of the interest expense within rental expense.