EX-12.1 5 a2230096zex-12_1.htm EX-12.1

Exhibit 12.1

 

Computation of Ratio of Earnings to Fixed Charges

 

 

 

Six Months
Ended

 

Year Ended December 31,

 

(in thousands)

 

June 30, 2016

 

2015

 

2014

 

2013

 

2012

 

2011

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss before income taxes

 

$

(88,645

)

$

(181,268

)

$

(230,674

)

$

(156,284

)

$

(9,575

)

$

(109,335

)

Add: Fixed charges

 

1,093

 

2,091

 

2,163

 

1,902

 

1,752

 

1,902

 

Total earnings

 

$

(87,552

)

$

(179,177

)

$

(228,511

)

$

(154,382

)

$

(7,823

)

$

(107,433

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated interest component of rent

 

1,093

 

2,091

 

2,163

 

1,902

 

1,752

 

1,902

 

Fixed charges

 

$

1,093

 

$

2,091

 

$

2,163

 

$

1,902

 

$

1,752

 

$

1,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

Note 1

 

Note 1

 

Note 1

 

Note 1

 

Note 1

 

Note 1

 

 

Note 1: Earnings for the six months ended June 30, 2016 and the years 2015, 2014, 2013, 2012 and 2011 were insufficient to cover fixed charges by $88.6 million, $181.3 million, $230.7 million, $156.3 million, $9.6 million and $109.3 million, respectively.