Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Successor | Predecessor | |||||||||||||||||||||||||||||||||||
| Six months ended | Year ended | |||||||||||||||||||||||||||||||||||
| June 30, 2016 | June 30, 2015 | December 31, 2015 | December 31, 2014 | December 31, 2013 | Period from November 17, through December 31, 2012 | Period from January 1, through November 16, 2012 | Year Ended December 31, 2011 | |||||||||||||||||||||||||||||
| (in thousands, except ratios) | ||||||||||||||||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||||||||||
Interest expense | $ | 92,865 | $ | 77,101 | $ | 161,339 | $ | 147,511 | $ | 114,476 | $ | 12,645 | $ | 106,620 | $ | 102,069 | ||||||||||||||||||||
Capitalized interest | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Portion of rental expense which represents interest factor (1) | 2,653 | 2,440 | 5,047 | 3,624 | 2,028 | 217 | 1,649 | 1,676 | ||||||||||||||||||||||||||||
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Total Fixed Charges | $ | 95,518 | $ | 79,541 | $ | 166,386 | $ | 151,135 | $ | 116,504 | $ | 12,862 | $ | 108,269 | $ | 103,745 | ||||||||||||||||||||
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Earnings available for fixed charges: | ||||||||||||||||||||||||||||||||||||
Pretax loss from continuing operations | (134,143 | ) | (91,353 | ) | (278,756 | ) | (238,146 | ) | (120,921 | ) | (41,005 | ) | (149,674 | ) | (63,227 | ) | ||||||||||||||||||||
Distributed equity income of affiliated companies | — | — | — | — | — | 216 | 6 | 39 | ||||||||||||||||||||||||||||
Add: Fixed charges | 95,518 | 79,541 | 166,386 | 151,135 | 116,504 | 12,862 | 108,269 | 103,745 | ||||||||||||||||||||||||||||
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Total Earnings available for fixed charges | $ | (38,625 | ) | $ | (11,812 | ) | $ | (112,370 | ) | $ | (87,011 | ) | $ | (4,417 | ) | $ | (27,927 | ) | $ | (41,399 | ) | $ | 40,557 | |||||||||||||
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Earnings for the period were insufficient to cover fixed charges by the following amounts: | $ | (134,143 | ) | $ | (91,353 | ) | $ | (278,756 | ) | $ | (238,146 | ) | $ | (120,921 | ) | $ | (40,789 | ) | $ | (149,668 | ) | $ | (63,188 | ) | ||||||||||||
Ratio of earnings to fixed charges (2) | NM | NM | NM | NM | NM | NM | NM | NM | ||||||||||||||||||||||||||||
| (1) | Represents the portion of rental expense deemed to be attributable to interest |
| (2) | NM - Not meaningful |