Exhibit 12.1
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| Six Months |
| Twelve Months |
| Twelve Months |
| Twelve Months |
| Twelve Months |
| Twelve Months |
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|
| Ended June 30, |
| Ended December 31, |
| Ended December 31, |
| Ended December 31, |
| Ended December 31, |
| Ended December 31, |
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|
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
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Earnings |
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Income (loss) from continuing operations before taxes |
| $ | (96,128,988 | ) | $ | 28,007,489 |
| $ | 112,508,283 |
| $ | 74,561,874 |
| $ | 27,499,185 |
| $ | 14,527,503 |
|
Plus: Fixed charges |
| 30,853,424 |
| 49,804,885 |
| 23,811,098 |
| 5,156,267 |
| 4,625,832 |
| 26,920,407 |
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Earnings (loss) available for fixed charges |
| $ | (65,275,564 | ) | $ | 77,812,374 |
| $ | 136,319,381 |
| $ | 79,718,141 |
| $ | 32,125,017 |
| $ | 41,447,910 |
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Fixed charges |
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Interst expense |
| 28,705,780 |
| 46,446,830 |
| 21,972,436 |
| 4,132,955 |
| 4,017,230 |
| 26,920,407 |
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Interest component of rental expense |
| 2,147,645 |
| 3,358,055 |
| 1,838,662 |
| 1,023,312 |
| 608,602 |
| — |
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Total fixed charges |
| $ | 30,853,424 |
| $ | 49,804,885 |
| $ | 23,811,098 |
| $ | 5,156,267 |
| $ | 4,625,832 |
| $ | 26,920,407 |
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Ratio of earnings to fixed charges |
| — | (1) | 1.6 |
| 5.7 |
| 15.5 |
| 6.9 |
| 1.5 |
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(1) Earnings were inadequate to cover fixed charges for the six months ended June 30, 2015 by a deficiency of $96.1 million.