EX-12.1 7 d218815dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

    Successor     Predecessor  
    Three months ended     Year ended                    
    March 31,
2016
    March 31,
2015
    December 31,
2015
    December 31,
2014
    December 31,
2013
    Period from
November 17,
through
December 31,
2012
    Period from
January 1,
through
November 16,
2012
    Year Ended
December 31,
2011
 
    (in thousands, except ratios)  

Fixed Charges:

                 

Interest expense

  $ 45,418      $ 38,257      $ 161,339      $ 147,511      $ 114,476      $ 12,645      $ 106,620      $ 102,069   

Capitalized interest

    —          —          —          —          —          —          —          —     

Portion of rental expense which represents interest factor (1)

    1,324        1,195        5,047        3,624        2,028        217        1,649        1,676   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

  $ 46,742      $ 39,452      $ 166,386      $ 151,135      $ 116,504      $ 12,862      $ 108,269      $ 103,745   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available for fixed charges:

                 

Pretax loss from continuing operations

    (43,973     (47,916     (278,756     (238,146     (120,921     (41,005     (149,674     (63,227

Distributed equity income of affiliated companies

    —          —          —          —          —          216        6        39   

Add: Fixed charges

    46,742        39,452        166,386        151,135        116,504        12,862        108,269        103,745   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Earnings available for fixed charges

  $ 2,769      $ (8,464   $ (112,370   $ (87,011   $ (4,417   $ (27,927   $ (41,399   $ 40,557   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings for the period were insufficient to cover fixed charges by the following amounts:

  $ (43,973   $ (47,916   $ (278,756   $ (238,146   $ (120,921   $ (40,789   $ (149,668   $ (63,188

Ratio of earnings to fixed charges (2)

    NM        NM        NM        NM        NM        NM        NM        NM   

 

(1) Represents the portion of rental expense deemed to be attributable to interest
(2) NM - Not meaningful