EX-12.1 4 ex12-1.htm STATEMENT OF RATIOS OF EARNINGS (LOSS) TO FIXED CHARGES
Exhibit 12.1

Statement of Ratios of Earnings (Loss) to Fixed Charges

 
 
Three months ended
March 31,
   
Year ended December 31,
 
 
 
2017
   
2016
   
2015
   
2014
   
2013
   
2012
 
Earnings (Loss):
                                   
Earnings (loss) before provision for income taxes
 
$
723
   
$
(82,552
)
 
$
25,732
   
$
9,770
   
$
15,165
   
$
997
 
Fixed charges
   
1,965
     
9,285
     
10,501
     
6,471
     
1,789
     
1,149
 
Total earnings (loss)
   
2,688
     
(73,267
)
   
36,233
     
16,241
     
16,954
     
2,146
 
 
                                               
 
                                               
Fixed Charges:
                                               
Interest expense
   
1,424
     
6,662
     
7,588
     
3,978
     
156
     
16
 
Estimate of interest within rental expense (a)
   
541
     
2,623
     
2,913
     
2,493
     
1,633
     
1,133
 
Total fixed charges
   
1,965
     
9,285
     
10,501
     
6,471
     
1,789
     
1,149
 
 
                                               
Ratio of earnings (loss) to fixed charges
   
1.37
     
(7.89
)
   
3.45
     
2.51
     
9.48
     
1.87
 
 
                                               

(a)  Estimate of interest within rental expense has been deemed to be approximately 33% of rental expense.