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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
6th grade Avg
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Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| Years Ended December 31, | |||||||||||||
In thousands, except ratios |
| 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 | |||||
Fixed Charges: |
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Interest |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 311 |
Portion of rental expense representative of the interest factor (1) |
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| 1,028 |
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| 663 |
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| 619 |
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| 575 |
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| 604 |
Total Fixed Charges |
| $ | 1,028 |
| $ | 663 |
| $ | 619 |
| $ | 575 |
| $ | 915 |
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Earnings (Loss) Before Tax: |
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Income (loss) from continuing operations before income taxes |
| $ | 3,901 |
| $ | (21,452) |
| $ | (19,764) |
| $ | 91,985 |
| $ | 3,376 |
Add: Total fixed charges |
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| 1,028 |
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| 663 |
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| 619 |
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| 575 |
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| 915 |
Less: Net income (loss) attributable to noncontrolling interests |
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| — |
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| 130 |
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| (415) |
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| (152) |
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| (193) |
Total Earnings Available for Fixed Charges |
| $ | 4,929 |
| $ | (20,919) |
| $ | (18,730) |
| $ | 92,712 |
| $ | 4,484 |
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Ratio of Earnings to Fixed Charges(2) |
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| 4.8 |
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| — |
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| — |
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| 161.2 |
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| 4.9 |
(1) | For purposes of calculating fixed charges, an interest factor of one-third was applied to total rental expense. |
(2) | Adjusted earnings for the years ended December 31, 2016 and 2015 were not sufficient to provide for fixed charges. |