EX-12 8 a2234163zex-12.htm EX-12

EXHIBIT 12

 

 

 

Nine Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

Year Ended December 31,

 

(in thousands)

 

2017

 

2016

 

2015

 

2014

 

2013

 

2012

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

11,614

 

$

1,273

 

$

1,307

 

$

1,715

 

$

1,663

 

$

2,309

 

Capitalized expenses related to indebtedness

 

7,102

 

166

 

265

 

193

 

183

 

203

 

Portion of rental expense which represents interest factor

 

5

 

6

 

6

 

7

 

97

 

208

 

Total Fixed Charges

 

$

18,720

 

$

1,445

 

$

1,577

 

$

1,914

 

$

1,944

 

$

2,721

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Available for Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Profit (Loss) before income taxes

 

$

(2,632

)

$

66,491

 

$

50,424

 

$

69,538

 

$

59,878

 

$

59,890

 

Add: Fixed charges

 

18,720

 

1,445

 

1,577

 

1,914

 

1,944

 

2,721

 

Add: Net loss attributable to noncontrolling interest

 

28

 

 

 

 

 

 

 

 

 

 

 

Total Earnings Available for Fixed Charges

 

$

16,116

 

$

67,936

 

$

52,002

 

$

71,453

 

$

61,822

 

$

62,611

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

 

 

47.01

 

32.97

 

37.32

 

31.81

 

23.01

 

Deficiency of Earnings Available to Cover Fixed Charges

 

$

2,604