Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
| Nine Months Ended September 30, 2014 |
Year Ended December 31, | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| (in thousands) | ||||||||||||||||||||||||
| Earnings: |
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| (Loss) income from continuing operations before income taxes |
$ | (30,983 | ) | $ | (124,072 | ) | $ | (71,139 | ) | $ | (32,728 | ) | $ | (68,729 | ) | $ | 6,277 | |||||||
| Add Fixed Charges (from below) |
3,817 | 5,325 | 6,183 | 4,514 | 2,423 | 6,973 | ||||||||||||||||||
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| (Loss) earnings to cover fixed charges |
$ | (27,166 | ) | $ | (118,747 | ) | $ | (64,956 | ) | $ | (28,214 | ) | $ | (66,306 | ) | $ | 13,250 | |||||||
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| Fixed Charges: |
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| Interest expense |
2,963 | 4,202 | 4,015 | 2,462 | 385 | 4,651 | ||||||||||||||||||
| Amortization of debt issuance costs |
332 | 429 | 372 | — | — | 237 | ||||||||||||||||||
| Estimated interest component of rent expenses (1) |
522 | 694 | 1,796 | 2,052 | 2,038 | 2,085 | ||||||||||||||||||
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| Total Fixed Charges |
$ | 3,817 | $ | 5,325 | $ | 6,183 | $ | 4,514 | $ | 2,423 | $ | 6,973 | ||||||||||||
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| Ratio of Earnings to Fixed Charges (2) |
N/A | N/A | N/A | N/A | N/A | 1.9 | ||||||||||||||||||
| Deficiency of Earnings Available to Cover Fixed Charges (2) |
$ | (30,983 | ) | $ | (124,072 | ) | $ | (71,139 | ) | $ | (32,728 | ) | $ | (68,729 | ) | N/A | ||||||||
| (1) | Represents the estimated portion of rental expense from operating leases that is considered by us to be representative of interest. |
| (2) | We have not had any preferred stock outstanding during the periods presented; therefore, the ratio of earnings to (and the deficiency of earnings available to cover) combined fixed charges and preferred stock dividends is the same as our ratio of earnings to (and the deficiency of earnings available to cover) fixed charges alone. |