Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)
(UNAUDITED)
Year Ended December 31, | Nine Months Ended September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | 2014 | 2013 | ||||||||||||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||||||
Interest expensed and capitalized | $ | 28,198 | $ | 26,068 | $ | 25,544 | $ | 23,561 | $ | 980 | $ | 29,197 | $ | 20,169 | ||||||||||||||
Amortized premiums, discounts and capitalized expenses (included above) | - | - | - | - | - | - | - | |||||||||||||||||||||
Estimate of interest within rental expense | - | - | - | - | - | - | - | |||||||||||||||||||||
Preference security dividend | - | - | - | - | - | - | - | |||||||||||||||||||||
Total Fixed Charges | $ | 28,198 | $ | 26,068 | $ | 25,544 | $ | 23,561 | $ | 980 | $ | 29,197 | $ | 20,169 | ||||||||||||||
EARNINGS: | ||||||||||||||||||||||||||||
Pretax income from continuing operations before adjustment for minority interest in consolidated subsidiaries or income or loss from equity investees | $ | (54,468 | ) | $ | (19,392 | ) | $ | (8,549 | ) | $ | (28,047 | ) | $ | (17,419 | ) | $ | (72,958 | ) | $ | (41,457 | ) | |||||||
Fixed Charges | 28,198 | 26,068 | 25,544 | 23,561 | 980 | 29,197 | 20,169 | |||||||||||||||||||||
Distributed income of equity investees | - | - | - | - | - | - | - | |||||||||||||||||||||
Total Earnings | $ | (26,270 | ) | $ | 6,676 | $ | 16,995 | $ | (4,486 | ) | $ | (16,439 | ) | $ | (43,761 | ) | $ | (21,288 | ) | |||||||||
Ratio of Earnings to Fixed Charges | -0.9 | x | 0.3 | x | 0.7 | x | -0.2 | x | -16.8 | x | -1.5 | x | -1.1 | x |