Exhibit 12.1
Ratio of Earnings to Fixed Charges
Nine Months Ended September 30, 2014
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| Nine Months Ended |
| Year Ended December 31, |
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| September 30, 2014 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
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| (in thousands, except ratio amounts) |
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Earnings: |
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Income (loss) before income taxes |
| $ | 62,264 |
| $ | 30,884 |
| $ | (16,295 | ) | $ | 1,968 |
| $ | (2,758 | ) | $ | 45 |
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Fixed charges |
| 58,145 |
| 30,934 |
| 99 |
| — |
| — |
| — |
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Total earnings |
| 120,409 |
| 61,818 |
| (16,196 | ) | 1,968 |
| (2,758 | ) | 45 |
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Fixed charges: |
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Interest expensed |
| 50,930 |
| 24,032 |
| — |
| — |
| — |
| — |
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Amortized capitalized expenses related to indebtedness |
| 7,215 |
| 6,902 |
| 99 |
| — |
| — |
| — |
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Total fixed charges |
| 58,145 |
| 30,934 |
| 99 |
| — |
| — |
| — |
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Ratio of earnings to fixed charges |
| 2.07 |
| 2.00 |
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