EX-12.1 2 vdi-ex121_8.htm EX-12.1 vdi-ex121_8.htm

Exhibit 12.1

 

 

Ratio of Earnings to Fixed Charges

(In thousands, except Ratio of Earnings to Fixed Charges)

 

 

 

 

 

 

Three Months

 

 

 

Ended March

 

 

 

31, 2019

 

Earnings (Loss)

 

 

 

Loss before provision for income taxes and minority interest

 

$           (45,757)

 

Fixed charges

 

                 15,838

 

Noncontrolling interest in pre-tax income of subsidiaries with no fixed charges

 

-

 

   Loss as adjusted

 

$           (29,919)

 

 

 

 

 

Fixed Charges

 

 

 

Interest expense

 

$               15,815

 

Portion of rental expense representative of the interest factor

 

                       22

 

   Total fixed charges

 

$               15,838

 

 

 

 

 

Ratio of earnings to fixed charges (a)

 

                              -

 

 

 

 

 

(a) For the three months ended March 31, 2019 earnings were not sufficient to cover fixed charges by approximately $45.8 million.