EX-12 2 ahc-20171231xex12.htm EX-12 RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES









 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

  

 

Years Ended December 31,

In thousands, except ratios

 

2017

 

2016

 

2015

 

2014

 

2013

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

 311 

Portion of rental expense representative of the interest factor (1)

 

 

 1,028 

 

 

 663 

 

 

 619 

 

 

 575 

 

 

 604 

Total Fixed Charges

 

$

 1,028 

 

$

 663 

 

$

 619 

 

$

 575 

 

$

 915 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Loss) Before Tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before income taxes

 

$

 3,901 

 

$

 (21,452)

 

$

 (19,764)

 

$

 91,985 

 

$

 3,376 

Add: Total fixed charges

 

 

 1,028 

 

 

 663 

 

 

 619 

 

 

 575 

 

 

 915 

Less: Net income (loss) attributable to noncontrolling interests

 

 

 —

 

 

 130 

 

 

 (415)

 

 

 (152)

 

 

 (193)

Total Earnings Available for Fixed Charges

 

$

 4,929 

 

$

 (20,919)

 

$

 (18,730)

 

$

 92,712 

 

$

 4,484 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges(2)

 

 

 4.8 

 

 

 —

 

 

 —

 

 

 161.2 

 

 

 4.9 



(1)

For purposes of calculating fixed charges, an interest factor of one-third was applied to total rental expense.

(2)

Adjusted earnings for the years ended December 31, 2016 and 2015 were not sufficient to provide for fixed charges.