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Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three months ended March 31, | ||||
2015 | 2014 | |||
$ | $ | |||
Computation of earnings: | ||||
Loss before income taxes | (2.2 | ) | (23.9 | ) |
Less: Equity in net income of investments in affiliates | — | — | ||
Plus: fixed charges | 13.9 | 13.4 | ||
Less: capitalized interest | (0.2 | ) | (0.4 | ) |
Earnings | 11.5 | (10.9 | ) | |
Computation of fixed charges | ||||
Interest expense, net | 13.2 | 12.5 | ||
Capitalized interest | 0.2 | 0.4 | ||
Interest portion of operating lease expense | 0.5 | 0.5 | ||
Fixed charges | 13.9 | 13.4 | ||
Ratio of earnings to fixed charges | 0.8 | (0.8 | ) | |
2015 | 2014 | |||
$ | $ | |||
Coverage deficiency - earnings to fixed charges | — | (24.3 | ) |