Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Years Ended December 31, | Nine Months Ended September 30, | |||||||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | 2014 | 2013 | ||||||||||||||||||||||
(in thousands, except ratios) | ||||||||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest expense | $ | 114,476 | $ | 119,265 | $ | 102,069 | $ | 69,534 | $ | 41,823 | $ | 109,487 | $ | 83,309 | ||||||||||||||
Capitalized interest | — | — | — | — | — | — | — | |||||||||||||||||||||
Portion of rental expense which represents interest factor (1) | 2,028 | 1,866 | 1,676 | 1,460 | 640 | 2,392 | 1,351 | |||||||||||||||||||||
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Total Fixed Charges | $ | 116,504 | $ | 121,131 | $ | 103,745 | $ | 70,994 | $ | 42,463 | $ | 111,879 | $ | 84,660 | ||||||||||||||
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Earnings available for fixed charges: | ||||||||||||||||||||||||||||
Pretax loss from continuing operations | (120,921 | ) | (190,679 | ) | (63,227 | ) | (24,638 | ) | (48,218 | ) | (173,334 | ) | (75,743 | ) | ||||||||||||||
Distributed equity income of affiliated companies | — | 222 | 39 | 15 | 134 | — | — | |||||||||||||||||||||
Add: Fixed charges | 116,504 | 121,131 | 103,745 | 70,994 | 42,463 | 111,879 | 84,660 | |||||||||||||||||||||
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Total Earnings available for fixed charges | $ | (4,417 | ) | $ | (69,326 | ) | $ | 40,557 | $ | 46,371 | $ | (5,621 | ) | $ | (61,455 | ) | $ | 8,917 | ||||||||||
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Earnings for the period were insufficient to cover fixed charges by the following amounts: | $ | (120,921 | ) | $ | (190,457 | ) | $ | (63,188 | ) | $ | (24,623 | ) | $ | (48,084 | ) | $ | (120,921 | ) | $ | (75,743 | ) | |||||||
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Ratio of earnings to fixed charges (2) | NM | NM | NM | NM | NM | NM | NM | |||||||||||||||||||||
| (1) | Represents the portion of rental expense deemed to be attributable to interest |
| (2) | NM - Not meaningful |