Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
 | | | | | | | ||||||||||||||||||
| Nine Months Ended September 30, 2014 | Year Ended December 31, | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| Pre-tax income from continuing operations adjusted to exclude income or loss from equity investees | $ | 60,680 | $ | 14,253 | $ | 30,788 | $ | 16,753 | $ | 27,087 | $ | 140,981 | ||||||||||||
| Distributed income of equity investees | 190 | 90 | 384 | 266 | 222 | 326 | ||||||||||||||||||
| Fixed charges: | ||||||||||||||||||||||||
| Interest expense and amortization of debt discount and premium on all indebtedness | 7,937 | 8,529 | 4,965 | 2,508 | 1,155 | 3,645 | ||||||||||||||||||
| Rentals | 63 | 81 | 88 | 58 | 54 | 77 | ||||||||||||||||||
| Total fixed charges | $ | 8,000 | $ | 8,610 | $ | 5,053 | $ | 2,566 | $ | 1,209 | $ | 3,722 | ||||||||||||
| Pre-tax income from continuing operations adjusted to exclude income or loss from equity investees plus fixed charges and distributed income of equity investees | $ | 68,870 | $ | 22,953 | $ | 36,225 | $ | 19,585 | $ | 28,518 | $ | 145,029 | ||||||||||||
| Ratio of earnings to fixed charges | 8.6 | 2.7 | 7.2 | 7.6 | 23.6 | 39.0 | ||||||||||||||||||