Exhibit 12.1
Ratio of Earnings to Fixed Charges (unaudited) (in thousands)
 
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
Net loss from continuing operations
$
(20,799
)
 
$
(65,170
)
 
$
(49,312
)
 
$
(46,300
)
 
$
(40,295
)
Benefit from income taxes
(43,946
)
 
(42,807
)
 
(31,277
)
 
(25,093
)
 
(4,328
)
Loss before benefit from income taxes
(64,745
)
 
(107,977
)
 
(80,589
)
 
(71,393
)
 
(44,623
)
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
119,444

 
109,054

 
109,885

 
110,724

 
113,079

Amortization of deferred debt issuance costs and original issue discount
13,272

 
14,592

 
13,258

 
12,512

 
12,577

Estimated interest factor on operating leases
1,653

 
1,704

 
1,923

 
2,329

 
1,854

Total fixed charges
134,369


125,350


125,066


125,565


127,510

Earnings:
 
 
 
 
 
 
 
 
 
Loss before benefit from income taxes
(64,745
)

(107,977
)

(80,589
)

(71,393
)

(44,623
)
Fixed charges
134,369


125,350


125,066


125,565


127,510

Total earnings
$
69,624


$
17,373


$
44,477


$
54,172


$
82,887

Ratio of earnings to fixed charges (1)
—
%
 
—
%
 
—
%
 
—
%
 
—
%

(1)
Earnings consist of loss before benefit from income taxes. Fixed charges consist of interest on borrowings, amortization of deferred debt financing costs and original issue discount and an estimated interest factor on operating leases. For the years ended December 31, 2017, 2016, 2015, 2014 and 2013, earnings were insufficient to cover fixed charges by $64,745, $107,977, $80,589, $71,393 and $44,623, respectively.