Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges and Preferred Share Dividends
Successor | Predecessor | |||||||||||||||||||||||||
2013 | Period from January 1, through May 13, 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||||
Pretax income (loss) from continuing operations | $ | 2,152 | ($ | 50,461 | ) | $ | 49,975 | $ | 44,974 | $ | 38,248 | $ | 34,123 | |||||||||||||
Fixed charges | 24,531 | 1,439 | 2,806 | 3,236 | 3,313 | 1,706 | ||||||||||||||||||||
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Adjusted earnings | $ | 26,683 | ($ | 49,022 | ) | $ | 52,781 | $ | 48,210 | $ | 41,561 | $ | 35,829 | |||||||||||||
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Fixed Charges and Preferred Dividends: | ||||||||||||||||||||||||||
Interest expense (including amortization of deferred financing fees) | 24,531 | 1,439 | 2,806 | 3,236 | 3,313 | 1,706 | ||||||||||||||||||||
Preferred share dividends | 5,453 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||
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Total fixed charges and preferred dividends | $ | 29,984 | $ | 1,439 | $ | 2,806 | $ | 3,236 | $ | 3,313 | $ | 1,706 | ||||||||||||||
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Ratio of earnings to fixed charges and preferred dividends | 0.9 | (34.1 | ) | 18.8 | 14.9 | 12.5 | 21.0 | |||||||||||||||||||
(a) | (b) |
(a) | For the 2013 Successor period, the deficiency was $3.3 million. |
(b) | For the 2013 Predecessor period, the deficiency was $50.5 million. |