Exhibit 12.1
Nine Months Ended | ||||||||||||||||||||||||
September 30, | Year Ended December 31, | |||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
(Loss) Income Before Income Taxes | $ | (77.6 | ) | $ | 158.2 | $ | 127.6 | $ | 234.3 | $ | 252.3 | $ | 123.6 | |||||||||||
Plus: | ||||||||||||||||||||||||
Fixed charges | $ | 4.7 | $ | 8.8 | $ | 12.0 | $ | 5.8 | $ | 3.0 | $ | 2.0 | ||||||||||||
Amortization of capitalized interest | $ | 1.1 | $ | 0.7 | $ | 0.6 | $ | 0.6 | $ | 0.6 | $ | 0.4 | ||||||||||||
Less: | ||||||||||||||||||||||||
Interest capitalized | $ | 1.2 | $ | 6.9 | $ | 10.8 | $ | 4.5 | $ | 1.2 | $ | 0.2 | ||||||||||||
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(Loss) earnings | $ | (73.0 | ) | $ | 160.8 | $ | 129.4 | $ | 236.2 | $ | 254.7 | $ | 125.8 | |||||||||||
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Interest(A) | $ | 3.2 | $ | 7.8 | $ | 11.0 | $ | 4.8 | $ | 1.8 | $ | 0.8 | ||||||||||||
Amortization of deferred financing costs | $ | 0.9 | $ | 0.2 | $ | 0.1 | $ | 0.2 | $ | 0.4 | $ | 0.5 | ||||||||||||
Interest portion of rental expense | $ | 0.6 | $ | 0.9 | $ | 0.9 | $ | 0.8 | $ | 0.8 | $ | 0.7 | ||||||||||||
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Fixed charges | $ | 4.7 | $ | 8.8 | $ | 12.0 | $ | 5.8 | $ | 3.0 | $ | 2.0 | ||||||||||||
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Ratio of Earnings to Fixed Charges | (B) | 18.01 | 10.82 | 40.50 | 86.26 | 63.81 | ||||||||||||||||||
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(A) | Amount includes interest expense on debt and capitalized interest during the period. |
(B) | For the nine months ended September 30, 2015, there was a deficiency of earnings to cover the fixed charges of $77.7 million. Accordingly, the ratio for this period has not been presented. |