Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Successor | Predecessor | |||||||||||||||||||||||
Year Ended December 31, | August 4, 2010 through December 31, 2010 | January 1, 2010 through August 3, 2010 | ||||||||||||||||||||||
(in thousands) | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investments | $ | (177,731 | ) | $ | (213,249 | ) | $ | (567,322 | ) | $ | (139,272 | ) | $ | (14,141 | ) | $ | 16,054 | |||||||
Add: Fixed charges | 244,077 | 225,551 | 222,058 | 134,026 | 33,283 | 18,132 | ||||||||||||||||||
Less: Non-controlling interest in pre-tax income | (830 | ) | (1,156 | ) | (1,358 | ) | (1,269 | ) | (390 | ) | (775 | ) | ||||||||||||
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Total earnings | $ | 65,516 | $ | 11,146 | $ | (346,622 | ) | $ | (6,515 | ) | $ | 18,752 | $ | 33,411 | ||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 217,473 | $ | 209,350 | $ | 185,871 | $ | 123,545 | $ | 31,109 | $ | 14,693 | ||||||||||||
Write-off of deferred financing costs | 10,062 | 818 | 18,580 | 2,684 | — | — | ||||||||||||||||||
Estimated interest portion within rental expense | 16,542 | 15,383 | 17,607 | 7,797 | 2,174 | 3,439 | ||||||||||||||||||
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Total fixed charges | $ | 244,077 | $ | 225,551 | $ | 222,058 | $ | 134,026 | $ | 33,283 | $ | 18,132 | ||||||||||||
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Ratio of earnings to fixed charges(1) | — | — | — | — | — | 1.8x | ||||||||||||||||||
| (1) | Earnings were insufficient to cover fixed charges by $178.6 million, $214.4 million, $568.7 million, $140.5 million, and $14.5 million, respectively, for the years ended December 31, 2014, 2013, 2012, 2011 and for the period from August 4, 2010 through December 31, 2010. |