EX-12.1 2 t1400370_ex12-1.htm EXHIBIT 12.1
Exhibit 12.1
Statement Setting Forth Detail for Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
 
 
 
 
Year Ended December 31,
 
 
 
 
2009
 
 
2010
 
 
2011
 
 
2012
 
 
2013
 
 
Fixed Charges
 
 
 
 
 
                    
 
Interest expense
 
 
$
25,416
 
 
$
24,747
 
 
$
24,776
 
 
$
22,932
 
 
$
12,673
 
 
Earnings
 
 
 
 
 
                    
 
Income (loss) before income taxes
 
 
$
(4,484
)
 
 
$
1,301
 
 
$
2,447
 
 
$
(151,767
)
 
 
$
115,511
 
 
Add: Interest expense
 
 
 
25,416
 
 
 
24,747
 
 
 
24,776
 
 
 
22,932
 
 
 
12,673
 
 
Total Earnings
 
 
$
20,932
 
 
$
26,048
 
 
$
27,223
 
 
$
(128,835
)
 
 
$
128,184
 
 
Ratio of earnings to fixed charges
 
 
 
0.8
 
 
 
1.1
 
 
 
1.1
 
 
 
(5.6
)
 
 
 
10.1