EX-12.1 7 d400166dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

		For the Six
		Months Ended
		June 30,				For the Year Ended December 31,
		2017				2016				2015				2014				2013				2012
										(In thousands)
Earnings
Loss from continuing operations before income taxes		$	(45,605	)		$	(112,444	)		$	(106,794	)		$	(90,722	)		$	(66,720	)		$	(69,949	)
Fixed charges			366				630				1,108				508				509				2,795
Earnings, as defined		$	(45,239	)		$	(111,814	)		$	(105,686	)		$	(90,214	)		$	(66,211	)		$	(67,154	)
Fixed charges:
Interest expense		$	—			$	—			$	572			$	35			$	—			$	2,351
Estimated interest component of rent expenses			366				630				536				473				509				444
Total fixed charges		$	366			$	630			$	1,108			$	508			$	509			$	2,795
Preferred stock deemed dividend			—				—				—				—				8,469				—
Total fixed charges and preferred dividend		$	366			$	630			$	1,108			$	508			$	8,978			$	2,795
Deficiency of earnings available to cover fixed charges and preferred stock dividends(1)		$	(45,605	)		$	(112,444	)		$	(106,794	)			(90,722	)			(75,189	)			(69,949	)

(1): Adjusted earnings, as described above, were insufficient to cover fixed charges in each year.