EX-12.1
Published on May 10, 2018
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RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(In thousands, except Ratio Data)
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Year Ended | |||||||||||
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Three Months Ended March 31, 2018 |
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December 31, 2017 |
December 31, 2016 |
December 31, 2015 |
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Earnings: |
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Income (loss) from Continuing Operations before Taxes |
47,061 | 15,741 | (81,119 | ) | (71,241 | ) | |||||||
Add: Interest Expense |
1,261 | 7,347 | 20,387 | 21,641 | |||||||||
Add: Lease Interest Estimated based on 1/3 of Lease Rent |
125 | 463 | 451 | 454 | |||||||||
Less: Capitalized Interest |
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Total Earnings |
48,447 | 23,551 | (60,281 | ) | (49,146 | ) | |||||||
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Fixed Charges: |
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Interest Expense |
1,261 | 7,347 | 20,387 | 21,641 | |||||||||
Lease Interest Estimated based on 1/3 of Lease Rent |
125 | 463 | 451 | 454 | |||||||||
Total Fixed Charges |
1,386 | 7,810 | 20,838 | 22,095 | |||||||||
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Ratio of Earnings to Fixed Charges |
35.0 | 3.0 | | (1) | | (2) | |||||||
Preferred Stock Dividend Requirements |
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Total Fixed Charges Plus Total Preferred Stock Dividends |
1,386 | 7,810 | 20,838 | 22,095 | |||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
35.0 | 3.0 | | (1) | | (2) |
- (1)
- Earnings
were inadequate to cover fixed charges by $81.1 million for the year ended December 31, 2016.
- (2)
- Earnings were inadequate to cover fixed charges by $71.2 million for the year ended December 31, 2015.
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (In thousands, except Ratio Data)