EX-12.1 7 a17-18483_1ex12d1.htm EX-12.1

Exhibit 12.1

 

CALCULATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES AND

CONSOLIDATED RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED SHARE DIVIDENDS

 

(dollars in thousands)

 

 

 

Fiscal Year Ended December 31,

 

Three Months
Ended March

 

 

 

2013

 

2014

 

2015

 

2016

 

31, 2017

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

1,647

 

$

2,350

 

$

22,026

 

$

75

 

$

—

 

Interest expense on portion of rent expense representative of interest

 

282

 

286

 

287

 

421

 

101

 

Total Fixed Charges

 

$

1,929

 

$

2,636

 

$

22,313

 

$

496

 

$

101

 

Earnings (loss):

 

 

 

 

 

 

 

 

 

 

 

Net Income (loss) from continuing operations

 

$

17,065

 

$

(14,222

)

$

(46,964

)

$

(54,890

)

$

(15,223

)

Fixed charges per above

 

1,929

 

2,636

 

22,313

 

496

 

101

 

Total earnings (loss)

 

18,994

 

(11,586

)

(24,651

)

(54,394

)

(15,122

)

Ratio of earnings to fixed charges

 

$

8.85

 

$

N/A

 

$

N/A

 

$

N/A

 

$

N/A

 

Deficiency of earnings available to cover fixed charges

 

$

17,065

 

$

(14,222

)

(46,964

)

(54,890

)

(15,223

)

Preferred share dividend requirements

 

$

—

 

$

—

 

$

1,723

 

$

—

 

$

—

 

Total combined fixed charges and preferred share dividends

 

$

1,929

 

$

2,636

 

$

24,035

 

$

496

 

$

101

 

Ratios of earnings to combined fixed charges and preferred share dividends

 

8.85

 

N/A

 

N/A

 

N/A

 

N/A

 

Deficiency of earnings available to cover fixed charges and preferred share dividend requirements

 

$

N/A

 

$

(14,222

)

$

(48,687

)

$

(54,890

)

$

(15,223

)