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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
Our ratio of earnings to fixed charges is as follows:
|
| Three Months |
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|
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| |
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| Ended |
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| |
|
| March 31, 2018 |
|
| 2017 |
|
| 2016 |
|
| 2015 |
|
| 2014 |
| |||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations before provision for income taxes and noncontrolling interest |
| $ | 54,837 |
|
| $ | 245,931 |
|
| $ | 78,225 |
|
| $ | 43,124 |
|
| $ | (45,321 | ) |
Interest expense and other |
|
| 12,365 |
|
|
| 65,467 |
|
|
| 63,399 |
|
|
| 57,894 |
|
|
| 62,919 |
|
Portion of rents representative of the interest factor(1) |
|
| 3,183 |
|
|
| 14,834 |
|
|
| 11,994 |
|
|
| 13,480 |
|
|
| 35,516 |
|
|
|
| 70,385 |
|
|
| 326,232 |
|
|
| 153,618 |
|
|
| 114,498 |
|
|
| 53,114 |
|
Fixed charges: |
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|
Interest expense, including amount capitalized |
|
| 12,900 |
|
|
| 67,062 |
|
|
| 74,624 |
|
|
| 73,603 |
|
|
| 85,361 |
|
Portion of rents representative of the interest factor(1) |
|
| 3,183 |
|
|
| 14,834 |
|
|
| 11,994 |
|
|
| 13,480 |
|
|
| 35,516 |
|
|
| $ | 16,083 |
|
| $ | 81,896 |
|
| $ | 86,618 |
|
| $ | 87,083 |
|
| $ | 120,877 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of earnings to fixed charges(2) |
| 4.38x |
|
| 3.98x |
|
| 1.77x |
|
| 1.31x |
|
| — |
|
(1) | 33% of rental expense. |
(2) | For the year ended December 31, 2014, earnings were deficient to cover fixed charges by $67,763, primarily as a result of operating losses. |