EX-12.1 5 a2236431zex-12_1.htm EX-12.1

Exhibit 12.1

 

STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Fiscal Year Ended December 31,

 

YTD June 30,

 

 

 

2013

 

2014

 

2015

 

2016

 

2017

 

2018

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before adjustment for income or loss from equity investees

 

$

16,344

 

$

13,205

 

$

3,115

 

$

20,545

 

$

(47,226

)

$

(119,376

)

Add: Fixed charges

 

3,442

 

3,947

 

4,536

 

5,165

 

6,073

 

2,466

 

Less: Capitalized Interest

 

—

 

(26

)

(157

)

(105

)

—

 

—

 

Preference security dividends

 

—

 

—

 

—

 

—

 

(46

)

(53

)

Total earnings

 

$

19,786

 

$

17,126

 

$

7,494

 

$

25,605

 

$

(41,199

)

$

(116,963

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized

 

$

113

 

$

65

 

$

297

 

$

982

 

$

2,937

 

$

1,269

 

Portion of rental expense under operating leases deemed to be representative of the interest factor

 

3,329

 

3,882

 

4,239

 

4,183

 

3,090

 

1,144

 

Preference security dividend requirements of consolidated subsidiaries

 

—

 

—

 

—

 

—

 

46

 

53

 

Total fixed charges

 

$

3,442

 

$

3,947

 

$

4,536

 

$

5,165

 

$

6,073

 

$

2,466

 

Ratio of earnings to combined fixed charges and preferred stock dividends

 

5.7

x

4.3

 

1.7

x

5.0

x

N/A

 

N/A

 

Deficiency of earnings to combined fixed charges and preferred stock dividends

 

N/A

 

N/A

 

N/A

 

N/A

 

$

(47,272

)

$

(119,429

)