EX-12.1 2 ex12-1.htm EXHIBIT 12.1 ex12-1.htm

Exhibit 12.1

 

RATIO OF EARNINGS TO FIXED CHARGES

 

The following table shows our ratio of earnings to fixed charges for the periods indicated:

 

    Successor    

Predecessor

 

(in thousands)

 

Six months

ended June 30,

2015

   

Year ended

December 31,

2014

   

Year ended

December 31,

2013

   

Year ended

December 31,

2012

   

Year ended

December 31,

2011

   

Six months

ended,

December 31,

2010

   

Six months

ended, June

30, 2010

 

Earnings

  $ 62,130     $ 199,687     $ 29,982     $ 64,598     $ 20,143     $ 25,379     $ 13,656  
                                                         

Fixed Charges

  $ 61,470     $ 46,561     $ 13,303     $ 8,255     $ 7,669     $ 3,874     $ 12,423  

 

The ratio of earnings to fixed charges is computed by dividing pre-tax income from continuing operations, less income or loss from equity investments, plus fixed charges, amortization of capitalized interest and distributed income of equity investees, less capitalized interest, by fixed charges. Fixed charges consist of interest expense, including interest expense from amortized premiums, discounts and capitalized expenses relating to indebtedness, plus an estimate of the rental expense deemed by us to be representative of the interest factor of rental payments under the operating leases.