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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
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Readability |
H.S. sophomore Avg
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Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(Unaudited)
|
| For the Years Ended December 31, |
| |||||||||||||||||
|
| 2017 |
|
| 2016 |
|
| 2015 |
|
| 2014 |
|
| 2013 |
| |||||
|
| (in thousands, except ratios) |
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Earnings (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
| $ | (46,755 | ) |
| $ | (89,061 | ) |
| $ | (459,507 | ) |
| $ | 50,953 |
|
| $ | 49,342 |
|
Add: Fixed Charges |
|
| 46,291 |
|
|
| 38,522 |
|
|
| 34,796 |
|
|
| 32,138 |
|
|
| 16,598 |
|
Add: Amortization of capitalized interest |
|
| 1,216 |
|
|
| 1,389 |
|
| 896 |
|
|
| 594 |
|
|
| 883 |
| |
Less: Interest capitalized |
|
| (7,207 | ) |
|
| (3,103 | ) |
|
| (3,879 | ) |
|
| (4,347 | ) |
|
| (3,284 | ) |
Net income (loss), as adjusted |
| $ | (6,455 | ) |
| $ | (52,253 | ) |
| $ | (427,694 | ) |
| $ | 79,338 |
|
| $ | 63,539 |
|
|
|
|
|
|
|
|
|
|
|
|
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Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest expensed |
| $ | 35,185 |
|
| $ | 33,368 |
|
| $ | 30,981 |
|
| $ | 28,851 |
|
| $ | 14,130 |
|
Amortization of financing costs |
|
| 10,977 |
|
|
| 4,981 |
|
|
| 3,584 |
|
|
| 3,067 |
|
|
| 2,322 |
|
Estimated interest portion of operating leases |
|
| 129 |
|
|
| 173 |
|
|
| 231 |
|
|
| 220 |
|
|
| 146 |
|
Total fixed charges |
| $ | 46,291 |
|
| $ | 38,522 |
|
| $ | 34,796 |
|
| $ | 32,138 |
|
| $ | 16,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges and Fixed Charge Ratio: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (deficiency) to fixed charges |
| $ | (52,746 | ) |
| $ | (90,775 | ) |
| $ | (462,490 | ) |
| $ | 47,200 |
|
| $ | 46,941 |
|
Earnings to fixed charges ratio |
|
| — |
|
|
| — |
|
|
| — |
|
| 2.5x |
|
| 3.8x |
|