Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended June 30, | Years Ended December 31, | ||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
(In thousands, except ratio data) | |||||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 131 | $ | 266 | $ | 169 | $ | 4 | $ | 116 | $ | 109 | |||||||||||
Amortization of debt discount and capitalized interest expense related to indebtedness | 32 | 79 | 74 | 214 | 134 | 55 | |||||||||||||||||
Estimate of interest within rental expense | 277 | 664 | 804 | 857 | 882 | 727 | |||||||||||||||||
Total fixed charges | $ | 440 | $ | 1,009 | $ | 1,047 | $ | 1,075 | $ | 1,132 | $ | 891 | |||||||||||
Earnings available for fixed charges | |||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (3,598 | ) | $ | (17,730 | ) | $ | (1,926 | ) | $ | 8,492 | $ | 9,523 | $ | 418 | ||||||||
Add: Fixed charges | 440 | 1,009 | 1,047 | 1,075 | 1,132 | 891 | |||||||||||||||||
Total earnings (loss) | $ | (3,158 | ) | $ | (16,721 | ) | $ | (879 | ) | $ | 9,567 | $ | 10,655 | $ | 1,309 | ||||||||
Ratio of earnings to fixed charges | — | — | — | 8.9 | 9.4 | 1.5 | |||||||||||||||||
Insufficiency of earnings available to cover fixed charges | $ | (3,598 | ) | $ | (17,730 | ) | $ | (1,926 | ) | N/A | N/A | N/A |