EX-12.1 2 mtz6301510-qex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollar amounts in thousands)
 
For the Six Months Ended June 30,
 
2015
 
2014
 
 
 
As Restated
Earnings:
 
 
 
(Loss) income from continuing operations before income taxes
$
(13,116
)
 
$
74,252

Add: Fixed charges
69,809

 
65,514

Less: Undistributed (losses) earnings from equity method investees
(3,223
)
 
—

Total earnings
$
59,916

 
$
139,766

Fixed charges:
 
 
 
Interest expense
$
24,321

 
$
25,017

Estimate of interest expense within rental expense
45,488

 
40,497

Total fixed charges
$
69,809

 
$
65,514

Ratio of earnings to fixed charges
0.9

 
2.1