Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
Six Months Ended July 1, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Loss from continuing operations before income taxes and noncontrolling interests | $ | (61,898 | ) | $ | (170,251 | ) | $ | (116,024 | ) | $ | (172,010 | ) | $ | (175,453 | ) | $ | (224,099 | ) | ||||||
Plus: Fixed charges | 87,396 | 178,083 | 180,061 | 183,309 | 188,253 | 173,914 | ||||||||||||||||||
Less: Interest expense capitalized | — | — | — | — | — | — | ||||||||||||||||||
Less: Noncontrolling interests | (362 | ) | (840 | ) | (972 | ) | (890 | ) | (782 | ) | (882 | ) | ||||||||||||
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Earnings (loss) from continuing operations, adjusted | $ | 25,136 | $ | 6,992 | $ | 63,065 | $ | 10,409 | $ | 12,018 | $ | (51,067 | ) | |||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest expensed and capitalized | $ | 84,753 | $ | 172,373 | $ | 174,482 | $ | 177,733 | $ | 183,055 | $ | 169,315 | ||||||||||||
Estimated interest within rental expense | 2,643 | 5,710 | 5,579 | 5,576 | 5,198 | 4,599 | ||||||||||||||||||
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Total fixed charges | $ | 87,396 | $ | 178,083 | $ | 180,061 | $ | 183,309 | $ | 188,253 | $ | 173,914 | ||||||||||||
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Ratio of earnings to fixed charges | — | — | — | — | — | |||||||||||||||||||
Shortfall | (62,260 | ) | (171,091 | ) | (116,996 | ) | (172,900 | ) | (176,235 | ) | (224,981 | ) |