Exhibit 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED DIVIDENDS

	(dollars in thousands)
	Successor												Predecessor
	Three Months Ended March 31, 2015			Year Ended December 31, 2014			Year Ended December 31, 2013			Period From March 20, 2012 Through December 31, 2012			Period From January 1, 2012 Through March 19, 2012			Year Ended December 31, 2011
Net income (loss)	$	5,501		$	3,070		$	338		$	(12,533	)	$	(3,433	)	$	(10,873	)
Preferred deemed dividends		—			(9,455	)		—			—			—			—
Series B preferred stock dividends		(4,248	)		—			—			—			—			—
Net income (loss) attributable to common shareholders	$	1,253		$	(6,385	)	$	338		$	(12,533	)	$	(3,433	)	$	(10,873	)
Interest on runoff notes	$	954		$	8,993		$	14,897		$	13,511		$	—		$	—
Interest charges due to debt facility termination		—			13,232			—			—			—			—
Total fixed charges		954			22,225			14,897			13,511			—			—
Preferred dividends		4,248			9,455			—			—			—			—
Total fixed charges and preferred dividends	$	5,202		$	31,680		$	14,897		$	13,511		$	—		$	—
Ratio of net income (loss) to combined fixed charges and preferred dividends		105.7	%		9.7	%		2.3	%		-92.8	%		N/A			N/A
Ratio of net income (loss) attributable to common shareholders to combined fixed charges and preferred dividends		24.1	%		-20.2	%		2.3	%		-92.8	%		N/A			N/A