Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
Three Months Ended | Fiscal Year Ended December 31, | |||||||||||||||||||||||
March 31, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
Loss: | ||||||||||||||||||||||||
Loss from continuing operations | $ | (3,605 | ) | $ | (36,194 | ) | $ | (41,145 | ) | $ | (66,806 | ) | $ | (60,712 | ) | $ | (48,214 | ) | ||||||
Add: Fixed charges | 2,182 | 8,372 | 12,159 | 9,681 | 9,142 | 4,012 | ||||||||||||||||||
Less: Capitalized interest | — | — | — | (232 | ) | (1,332 | ) | (297 | ) | |||||||||||||||
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Total loss | (1,423 | ) | $ | (27,823 | ) | $ | (28,986 | ) | $ | (57,357 | ) | $ | (52,902 | ) | $ | (44,499 | ) | |||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 1,094 | $ | 4,471 | $ | 4,164 | $ | 4,582 | $ | 5,464 | $ | 2,649 | ||||||||||||
Amortization and expensing of debt expense | 1,057 | 3,772 | 7,860 | 4,719 | 2,206 | 928 | ||||||||||||||||||
Interest component of rent expense | 31 | 129 | 135 | 148 | 140 | 138 | ||||||||||||||||||
Capitalized interest | — | — | — | 232 | 1,332 | 297 | ||||||||||||||||||
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Total fixed charges | $ | 2,182 | $ | 8,372 | $ | 12,159 | $ | 9,681 | $ | 9,142 | $ | 4,012 | ||||||||||||
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Ratio of Earnings to Fixed Charges | — | — | — | — | — | |||||||||||||||||||
Deficiency of Earnings Available to Cover Fixed Charges | $ | (3,605 | ) | $ | (36,194 | ) | $ | (41,145 | ) | $ | (67,038 | ) | $ | (62,044 | ) | $ | (48,511 | ) |