EX-12.1 4 a15-17086_1ex12d1.htm EX-12.1

Exhibit 12.1

 

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

 

The following table sets forth the ratio of earnings to combined fixed charges and preferred dividends for the periods indicated below (in thousands).

 

 

 

For the Period from
January 1, 2015

 

Year Ended December 31,

 

 

 

to June 30, 2015

 

2014

 

2013

 

2012

 

2011

 

2010

 

Income (Loss) from Continuing Operations Before Income Taxes

 

$

39,869

 

$

169,013

 

$

22,715

 

$

(24,868

)

$

(6,917

)

$

(9,813

)

Fixed Charges

 

27,810

 

62,715

 

62,850

 

61,292

 

61,151

 

49,777

 

Amortization of Capitalized Interest

 

28

 

70

 

70

 

70

 

111

 

175

 

Capitalized Interest

 

—

 

(914

)

(1,516

)

(1,164

)

(1,527

)

(112

)

Earnings

 

$

67,707

 

$

230,884

 

$

84,119

 

$

35,330

 

$

52,818

 

$

40,027

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

$

26,056

 

$

58,278

 

$

57,279

 

$

56,068

 

$

55,507

 

$

45,524

 

Portion of Rent Related to Interest

 

1,754

 

3,523

 

4,055

 

4,060

 

4,117

 

4,141

 

Capitalized Interest

 

—

 

914

 

1,516

 

1,164

 

1,527

 

112

 

Fixed Charges

 

27,810

 

62,715

 

62,850

 

61,292

 

61,151

 

49,777

 

Preferred Stock Dividends

 

—

 

—

 

—

 

—

 

—

 

—

 

Combined Fixed Charges and Preferred Stock Dividends

 

$

27,810

 

$

62,715

 

$

62,850

 

$

61,292

 

$

61,151

 

$

49,777

 

Ration of Earnings to Combined Fixed Charges and Preferred Stock Dividends

 

2.43

 

3.68

 

1.34

 

 

 

 

 

 

 

Deficiency of Earnings to Fixed Charges and Preferred Stock Dividends

 

$

—

 

$

—

 

$

—

 

$

(25,962

)

$

(8,333

)

$

(9,750

)