EXHIBIT 12
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Nine Months Ended |
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September 30, |
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Year Ended December 31, |
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(in thousands) |
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2017 |
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2016 |
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2015 |
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2014 |
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2013 |
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2012 |
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Fixed Charges: |
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Interest expense |
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$ |
11,614 |
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$ |
1,273 |
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$ |
1,307 |
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$ |
1,715 |
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$ |
1,663 |
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$ |
2,309 |
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Capitalized expenses related to indebtedness |
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7,102 |
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166 |
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265 |
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193 |
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183 |
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203 |
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Portion of rental expense which represents interest factor |
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5 |
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6 |
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6 |
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7 |
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97 |
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208 |
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Total Fixed Charges |
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$ |
18,720 |
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$ |
1,445 |
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$ |
1,577 |
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$ |
1,914 |
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$ |
1,944 |
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$ |
2,721 |
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Earnings Available for Fixed Charges: |
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Profit (Loss) before income taxes |
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$ |
(2,632 |
) |
$ |
66,491 |
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$ |
50,424 |
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$ |
69,538 |
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$ |
59,878 |
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$ |
59,890 |
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Add: Fixed charges |
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18,720 |
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1,445 |
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1,577 |
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1,914 |
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1,944 |
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2,721 |
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Add: Net loss attributable to noncontrolling interest |
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28 |
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Total Earnings Available for Fixed Charges |
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$ |
16,116 |
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$ |
67,936 |
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$ |
52,002 |
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$ |
71,453 |
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$ |
61,822 |
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$ |
62,611 |
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Ratio of Earnings to Fixed Charges |
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47.01 |
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32.97 |
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37.32 |
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31.81 |
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23.01 |
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Deficiency of Earnings Available to Cover Fixed Charges |
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$ |
2,604 |
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