Exhibit 12.1
| Year Ended January 31, | Six Months Ended July 31, | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | 2015 | |||||||||||||||||||
| (in thousands) | ||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||
(Loss) Income before income taxes | $ | (10,186 | ) | $ | 6,026 | $ | 13,524 | $ | 34,330 | $ | 6,794 | $ | (9,037 | ) | ||||||||||
Fixed charges (as outlined below) | 1,142 | 544 | 783 | 960 | 906 | 100 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total earnings, as defined | $ | (9,044 | ) | $ | 6,570 | $ | 14,307 | $ | 35,290 | $ | 7,700 | $ | (8,545 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed Charges | ||||||||||||||||||||||||
Interest | $ | 902 | $ | 314 | $ | 533 | $ | 740 | $ | 756 | $ | 392 | ||||||||||||
Estimate of interest within rental expense | 240 | 230 | 250 | 220 | 150 | 100 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total fixed charges | $ | 1,142 | $ | 544 | $ | 783 | $ | 960 | $ | 906 | $ | 492 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of earnings to fixed charges | * | 12.08 | 18.27 | 36.76 | 8.50 | * | ||||||||||||||||||
| * | Earnings for the year ended January 31, 2015 and the six months ended July 31, 2015 were insufficient to cover fixed charges by $10,186 and $9,037, respectively. |
