EX-12.1 2 exh12-1.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 10-K 2014 Exhibit 12.1

Exhibit 12.1      

Statement Regarding Computation of Ratio of Earnings to Fixed Charges
(in thousands)
                               
      Year Ended December 31,
      2010     2011     2012     2013     2014
Earnings (loss)                              
Pre-tax loss   $ (30,350)   $ (36,249)   $ (18,735)   $ (13,322)   $ (7,939)
Total fixed charges   $ 45,365    $ 38,157    $ 18,721    $ 12,504    $ 14,592 
Total income before fixed charges   $ 15,015    $ 1,908    $ (14)   $ (818)   $ 6,653 
                               
Fixed Charges                              
Interest expenses   $ 45,128    $ 37,736    $ 18,198    $ 11,938    $ 13,728 
Assumed interest attributable to rentals   $ 237    $ 421    $ 523    $ 566    $ 864 
Total fixed charges   $ 45,365    $ 38,157    $ 18,721    $ 12,504    $ 14,592 
Deficiency of earnings available to cover fixed charges   $ 30,350    $ 36,249    $ 18,735    $ 13,322    $ 7,939 
Ratio of earnings available to cover fixed charges     n/a      n/a      n/a      n/a      n/a