EX-12.1 2 amph-20171231ex121b6aed1.htm EX-12.1 amph_Ex12_1

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2017

    

2016

    

2015

    

2014

    

2013

 

 

(in thousands)

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes

 

$

1,623

 

$

14,946

 

$

(10,364)

 

$

(18,148)

 

$

17,227

Fixed charges, as calculated below

 

 

2,279

 

 

2,228

 

 

2,363

 

 

2,035

 

 

1,395

Amortization of capitalized interest

 

 

705

 

 

684

 

 

625

 

 

530

 

 

474

Less capitalized interest

 

 

(1,124)

 

 

(774)

 

 

(1,076)

 

 

(1,209)

 

 

(146)

Total earnings

 

$

3,483

 

$

17,084

 

$

(8,452)

 

$

(16,792)

 

$

18,949

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

826

 

 

1,024

 

 

987

 

 

609

 

 

958

Capitalized interest

 

 

1,124

 

 

774

 

 

1,076

 

 

1,209

 

 

146

Interest component of rent expense(1)

 

 

329

 

 

430

 

 

300

 

 

217

 

 

291

Total fixed charges

 

$

2,279

 

$

2,228

 

$

2,363

 

$

2,035

 

$

1,395

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred stock dividends(2)

 

 

1.53

 

 

7.67

 

 

N/A

 

 

N/A

 

 

13.59

Deficiency of earnings to combined fixed charges and preferred stock dividends(3)

 

 

—

 

 

—

 

$

(10,815)

 

$

(18,827)

 

 

—

(1)

Represents the portion of rental expense from operating leases that is estimated by us to be representative of interest.

(2)

For periods in which there is a deficiency of earnings available to cover combined fixed charges and preferred stock dividends, the ratio information is not applicable.

(3)

We have not paid any dividends on preferred stock and no preferred stock was outstanding for any of the periods presented.