EX-12.1 2 a2015q1ex-121new.htm EXHIBIT 12.1 2015 Q1 EX-12.1 NEW


Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
Three months ended March 31,
 
2015
2014
 
$
$
Computation of earnings:
 
 
Loss before income taxes
(2.2
)
(23.9
)
Less: Equity in net income of investments in affiliates
—

—

Plus: fixed charges
13.9

13.4

Less: capitalized interest
(0.2
)
(0.4
)
Earnings
11.5

(10.9
)
Computation of fixed charges
 
 
Interest expense, net
13.2

12.5

Capitalized interest
0.2

0.4

Interest portion of operating lease expense
0.5

0.5

Fixed charges
13.9

13.4

Ratio of earnings to fixed charges
0.8

(0.8
)
 
 
 
 
2015
2014
 
$
$
Coverage deficiency - earnings to fixed charges
—

(24.3
)