EX-12.1 7 d251820dex121.htm EX-12.1 EX-12.1

EXHIBIT 12.1

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS

 

     For the Year Ended December 31,  
     2012      2013      2014      2015      2016  
     (in thousands)  

Earnings:

            

Income (loss) from continuing operations before income taxes

    $ (32,671 )     $ (14,943 )     $ (59,504 )     $ (85,537 )     $ (61,751 ) 

Fixed charges

      10,026        10,702        11,108        11,033        10,725  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Earnings (Loss) as Defined

    $ (22,645 )     $ (4,241 )     $ (48,396 )     $ (74,504 )     $ (51,026 ) 
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Fixed Charges:

            

Interest expense

    $ 10,026      $ 10,702      $ 11,108      $ 11,033      $ 10,725  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Fixed Charges

    $ 10,026      $ 10,702      $ 11,108      $ 11,033      $ 10,725  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Preferred Stock Dividends

    $ —      $ —      $ —      $ —      $ —  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of Earnings (Loss) to Fixed Charges

      Note 1        Note 1        Note 1        Note 1        Note 1  

Ratio of Earnings (Loss) to Combined Fixed Charges and Preferred Dividends

      Note 2        Note 2        Note 2        Note 2        Note 2  

Note 1: For the fiscal years ended December 31, 2012, 2013, 2014, 2015 and 2016, our earnings were insufficient to cover fixed charges by ($32.7) million, ($14.9) million, ($59.5) million, ($85.5) million, and ($61.7) million, respectively.

Note 2: For the fiscal years ended December 31, 2012, 2013, 2014, 2015 and 2016, our combined fixed charges and preference dividends exceeded earnings by ($32.7) million, ($14.9) million, ($59.5) million, ($85.5) million, and ($61.7) million, respectively.