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)











Year Ended




December 31, 2018


Earnings (Loss)




Loss before provision for income taxes and minority interest


$           (124,941)


Fixed charges




  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




   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.