COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
PREFERRED SHARE DIVIDENDS
| | Successor | Predecessor | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands, except for ratio amounts presented) | Six Months Ended June 30, 2017 | October 11, 2016 through December 31, 2016 | January 1, 2016 through October 10, 2016 | Year Ended December 31, 2015 | Year Ended December 31, 2014 | |||||||||||
Earnings: | ||||||||||||||||
Income (loss) before income taxes | $ | 42,974 | $ | (8,985 | ) | $ | (219,130 | ) | $ | (38,897 | ) | $ | 19,312 | |||
Add: Fixed charges | $ | 1,191 | $ | 403 | $ | 5,695 | $ | 6,349 | $ | 2,553 | ||||||
Total Earnings Available for Fixed Charges | $ | 44,165 | $ | (8,582 | ) | $ | (213,435 | ) | $ | (32,584 | ) | $ | 21,865 | |||
Fixed Charges: | ||||||||||||||||
Interest Expense | $ | 903 | $ | 308 | $ | 5,302 | $ | 5,784 | $ | 2,159 | ||||||
Amortized Premiums, Discounts and Debt Issue Costs | 214 | 70 | 323 | 482 | 316 | |||||||||||
Estimate of Interest Within Rental Expense | 74 | 25 | 69 | 83 | 78 | |||||||||||
Total Fixed Charges | $ | 1,191 | $ | 403 | $ | 5,695 | $ | 6,349 | $ | 2,553 | ||||||
Ratio of Earnings to Fixed Charges | 37.09 | —(1 | ) | —(2 | ) | —(3 | ) | 8.56 | ||||||||
Preferred Stock Dividend Requirements | — | — | — | — | — | |||||||||||
Total Fixed Charges Plus Preferred Stock Dividends | $ | 1,191 | $ | 403 | $ | 5,695 | $ | 6,349 | $ | 2,553 | ||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 37.09 | —(1 | ) | —(2 | ) | —(3 | ) | 8.56 | ||||||||
