EX-12.1 7 tv501807_ex12-1.htm EXHIBIT 12.1

 

Exhibit 12.1

 

Amounts presented in thousands                        
       Fiscal Year Ended October 31, 
  

Six Months ended

April 30, 2018

   2017   2016   2015   2014   2013 
Earnings (loss):                              
Add:                              

Pre-tax (loss) from continuing operations before adjustment for minority interests in

consolidated subsidiaries or income or loss from equity investees

   (20,392)   (53,859)   (51,208)   (29,684)   (37,607)   (34,032)
Fixed Charges   6,003    13,092    9,392    6,719    6,806    7,239 
Amortization of capitalized interest   16    24    -    -    -    - 
                               
Less:                              
Preferred dividends   1,600    3,200    3,200    3,200    3,200    3,200 
Interest capitalized in the period   17    183    628    -    -    - 

Non-controlling interest in income that have not incurred fixed charges

   -    -    (251)   (325)   -    - 
                               
Earnings (loss) as adjusted  $(15,990)  $(44,127)  $(45,394)  $(25,840)  $(34,001)  $(29,993)
                               
                               
Fixed charges:                              
Interest expense and capitalized interest incurred   4,217    9,354    5,586    2,960    3,561    3,973 
Estimate of interest within rental expense (a)   186    537    605    559    45    66 
Preferred dividends   1,600    3,200    3,200    3,200    3,200    3,200 
Total fixed charges  $6,003   $13,092   $9,392   $6,719   $6,806   $7,239 
                               
Ratio of earnings to fixed charges   N/A     N/A     N/A     N/A     N/A     N/A  
                               
Coverage deficiency  $(21,993)  $(57,218)  $(54,785)  $(32,559)  $(40,807)  $(37,232)

 

(a) One-third of rent expense is the portion deemed representative of the interest factor for the 6 month period ended April 30, 2018 and fiscal years ended October 31, 2017, 2016 and 2015.