EX-12.1 2 a2228789zex-12_1.htm EX-12.1
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Exhibit 12.1

Statements Regarding Computation Ratios of Earnings (Loss) to Fixed Charges

 
   Year Ended March 31,  
 
   2016   2015   2014   2013   2012  

Earnings:

                                

Net earnings (loss) before income taxes

   $ (115,105 ) $ (382,312 ) $ (19,213 ) $ (62,543 ) $ (185,459 )

Less: capitalized interest

     —     —     —     (2,928 )   (4,077 )

Total earnings (loss)

     (115,105 )   (382,312 )   (19,213 )   (65,471 )   (189,536 )

Fixed Charges

    
 		    
 		    
 		    
 		    
 		  

Interest and debt expense

   $ 52,301   $ 51,336   $ 66,315   $ 67,010   $ 74,630  

Capitalized interest

     —     —     —     2,928     4,077  

Portion of rentals representing an interest factor

     3,486     4,541     3,980     3,742     4,957  

Total fixed charges

     55,787     55,877     70,295     73,680     83,664  

Earnings (deficit) available for (applied to) fixed charges

    
(59,318
)		  
(326,435
)		  
51,082		    
8,209		    
(105,872
)

Ratio of earnings to fixed charges

    
–1.1x		    
–5.8x		    
0.7x		    
0.1x		    
–1.3x		  



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Statements Regarding Computation Ratios of Earnings (Loss) to Fixed Charges