Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)
(UNAUDITED)
Year Ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
FIXED CHARGES: | ||||||||||||||||||||
Interest expensed and capitalized | $ | 38,539 | $ | 28,198 | $ | 26,068 | $ | 25,544 | $ | 23,561 | ||||||||||
Amortized premiums, discounts and capitalized expenses (included above) | — | — | — | — | — | |||||||||||||||
Estimate of interest within rental expense | — | — | — | — | — | |||||||||||||||
Preference security dividend | — | — | — | — | — | |||||||||||||||
Total Fixed Charges | $ | 38,539 | $ | 28,198 | $ | 26,068 | $ | 25,544 | $ | 23,561 | ||||||||||
EARNINGS: | ||||||||||||||||||||
Pretax income from continuing operations before adjustment for minority interest in consolidated subsidiaries or income or loss from equity investees | $ | (131,991 | ) | $ | (54,468 | ) | $ | (19,392 | ) | $ | (8,549 | ) | $ | (28,047 | ) | |||||
Fixed Charges | 38,539 | 28,198 | 26,068 | 25,544 | 23,561 | |||||||||||||||
Distributed income of equity investees | — | — | — | — | — | |||||||||||||||
Total Earnings | $ | (93,452 | ) | $ | (26,270 | ) | $ | 6,676 | $ | 16,995 | $ | (4,486 | ) | |||||||
Ratio of Earnings to Combined Fixed Charges | (2.42 | ) | (0.93 | ) | 0.26 | 0.67 | (0.19 | ) |