EX-12.1 2 d844763dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

STATEMENTS RE: COMPUTATION OF RATIO OF

EARNINGS TO FIXED CHARGES

 

     Year-Ended December 31,  

(in thousands)

   2014      2013     2012     2011     2010  

Earnings

           

Income (loss) from continuing operations

   $ 26       $ (60,664   $ (42,556   $ (52,371   $ 7,435   

Fixed charges

     42,384         43,607        42,111        37,753        22,767   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings

$ 42,410    $ (17,057 $ (445 $ (14,618 $ 30,202   

Fixed Charges

Interest Expense

$ 42,288    $ 42,915    $ 42,014    $ 37,658    $ 20,395   

Estimated interest portion within rental expense

  96      94      97      95      94   

Write-off of deferred financing costs

  —        598      —        —        2,278   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

$ 42,384    $ 43,607    $ 42,111    $ 37,753    $ 22,767   

Ratio of earnings to fixed charges(1)

  1.0x      —        —        —        1.3x   

 

(1) Earnings were insufficient to cover fixed charges by $60.7 million, $42.6 million and $52.4 million, for the years ended December 31, 2013, 2012 and 2011, respectively.