EX-12.1 2 vdi-ex121_11.htm EX-12.1 vdi-ex121_11.htm

Exhibit 12.1

 

 

Ratio of Earnings to Fixed Charges

(In thousands, except Ratio of Earnings to Fixed Charges)

 

 

 

 

 

 

Successor

 

 

 

Year Ended

 

 

 

December 31, 2018

 

Earnings (Loss)

 

 

 

Loss before provision for income taxes and minority interest

 

$           (124,941)

 

Fixed charges

 

                 79,244

 

  Minority interest in pre-tax income of subsidiaries with no fixed charges

 

-

 

   Loss as adjusted

 

$           (45,697)

 

 

 

 

 

Fixed Charges

 

 

 

Interest expense

 

$               78,779

 

Portion of rental expense representative of the interest factor

 

                       465

 

   Total fixed charges

 

$               79,244

 

 

 

 

 

Ratio of earnings to fixed charges (a)

 

                              -

 

 

 

 

 

(a) For the year ended December 31, 2018 earnings were not sufficient to cover fixed charges by approximately $124.9 million.