EX-12.1 6 v474606_ex12-1.htm EXHIBIT 12.1

 

Exhibit 12.1

 

Amounts presented in thousands

 

  

Six Months Ended

April 30, 2017

 
Earnings (loss):     
      
Pre-tax loss from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees  $(26,923)
      
Add:     
      
Fixed Charges   6,550 
      
Amortization of previously capitalized interest   - 
      
Less:     
      
Preferred dividends   1,600 
      
Interest capitalized in the period   - 
      
Non-controlling interest in loss that have not incurred fixed charges   - 
      
Loss as adjusted  $(22,073)
      
Fixed charges:     
      
Interest expense incurred including capitalized interest  $4,677 
      
Estimate of interest within rental expense (a)   273 
      
Preferred dividends   1,600 
      
Total fixed charges  $6,550 
      
Ratio of earnings to fixed charges   N/A 
      
Coverage deficiency  $28,523 

 

(a) One-third of rent expense is the portion deemed representative of the interest factor for the six months ended April 30, 2017.