EX-12.1 2 vdi-ex121_7.htm EX-12.1 vdi-ex121_7.htm

Exhibit 12.1

 

 

Ratio of Earnings to Fixed Charges

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

 

 

 

 

 

 

Nine Months

 

 

 

Ended September

 

 

 

30, 2018

 

Earnings (Loss)

 

 

 

Loss before provision for income taxes and minority interest

 

$           (80,593)

 

Fixed charges

 

                 58,403

 

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

 

-

 

   Loss as adjusted

 

$           (22,190)

 

 

 

 

 

Fixed Charges

 

 

 

Interest expense

 

$               58,122

 

Portion of rental expense representative of the interest factor

 

                       281

 

   Total fixed charges

 

$               58,403

 

 

 

 

 

Ratio of earnings to fixed charges (a)

 

                              -

 

 

 

 

 

(a) For the nine months ended September 30, 2018 earnings were not sufficient to cover fixed charges by approximately $80.6 million.