Exhibit 12.1
Amounts presented in thousands
Fiscal Years Ended October, 31 | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Earnings (loss): | ||||||||||||||||||||
Pre-tax loss from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | $ | (51,208 | ) | $ | (29,684 | ) | $ | (37,607 | ) | $ | (34,032 | ) | $ | (31,010 | ) | |||||
Add: | ||||||||||||||||||||
Fixed Charges | 9,392 | 6,719 | 6,806 | 7,239 | 5,591 | |||||||||||||||
Amortization of previously capitalized interest | - | - | - | - | - | |||||||||||||||
Less: | ||||||||||||||||||||
Preferred dividends | 3,200 | 3,200 | 3,200 | 3,200 | 3,201 | |||||||||||||||
Interest capitalized in the period | 628 | - | - | - | - | |||||||||||||||
Non-controlling interest in loss that have not incurred fixed charges | (251 | ) | (325 | ) | - | - | - | |||||||||||||
Loss as adjusted | $ | (45,394 | ) | $ | (25,840 | ) | $ | (34,001 | ) | $ | (29,993 | ) | $ | (28,620 | ) | |||||
Fixed charges: | ||||||||||||||||||||
Interest expense incurred including capitalized interest | $ | 5,586 | $ | 2,960 | $ | 3,561 | $ | 3,973 | $ | 2,304 | ||||||||||
Estimate of interest within rental expense (a) | 605 | 559 | 45 | 66 | 86 | |||||||||||||||
Preferred dividends | 3,200 | 3,200 | 3,200 | 3,200 | 3,201 | |||||||||||||||
Total fixed charges | $ | 9,392 | $ | 6,719 | $ | 6,806 | $ | 7,239 | $ | 5,591 | ||||||||||
Ratio of earnings to fixed charges | N/A | N/A | N/A | N/A | N/A | |||||||||||||||
Coverage deficiency | $ | (54,785 | ) | $ | (32,559 | ) | $ | (40,807 | ) | $ | (37,232 | ) | $ | (34,211 | ) |
(a) One-third of rent expense is the portion deemed representative of the interest factor for the fiscal years ended October 31, 2016 and 2015.