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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
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| Year Ended December 31, |
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(In thousands) |
| 2016 |
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| 2015 |
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| 2014 |
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| 2013 |
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| 2012 |
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Income (loss) before income taxes |
| $ | (14,784 | ) |
| $ | 570 |
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| $ | (68,117 | ) |
| $ | (148,346 | ) |
| $ | (17,460 | ) |
Plus fixed charges: |
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Interest expense |
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| 46,376 |
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| 16,284 |
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| 16,020 |
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| 14,703 |
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| 11,121 |
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Amortization of discounts and debt issuance costs |
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| 16,541 |
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| 13,679 |
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| 13,277 |
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| 9,451 |
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| 5,066 |
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Write off of unamortized deferred debt issuance costs |
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| 5,224 |
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| 1,433 |
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| 0 |
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| 3,901 |
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| 0 |
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Portion of rents representative of an appropriate interest factor |
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| 8,240 |
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| 6,049 |
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| 5,414 |
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| 5,682 |
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| 6,175 |
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Total fixed charges (1) |
| $ | 76,381 |
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| $ | 37,445 |
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| $ | 34,711 |
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| $ | 33,737 |
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| $ | 22,362 |
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Adjusted earnings (2) |
| $ | 61,597 |
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| $ | 38,015 |
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| $ | (33,406 | ) |
| $ | (114,609 | ) |
| $ | 4,902 |
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Ratio (2 divided by 1) |
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| 0.8 |
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| 1.0 |
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| (1.0 | ) |
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| (3.4 | ) |
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| 0.2 |
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Fixed charges deficiency |
| $ | 14,784 |
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| $ | 0 |
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| $ | 68,117 |
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| $ | 148,346 |
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| $ | 17,460 |
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