Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
| Three Months Ended March 31, |
Year Ended December 31, |
Year Ended December 31, |
Seven Months Ended December 31, |
Year Ended May 31, | ||||||||||||||||||||||||||||
| (In thousands) |
2013 | 2012 | 2012 | 2011 | 2010 | 2010 | 2009 | 2008 | ||||||||||||||||||||||||
| Income (loss) before income taxes |
($ | 24,789 | ) | $ | 9,521 | ($ | 17,460 | ) | $ | 117,479 | ($ | 2,959 | ) | $ | 103,536 | $ | 44,398 | $ | 40,154 | |||||||||||||
| Plus fixed charges: |
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| Interest expense |
3,337 | 2,595 | 11,121 | 13,546 | 7,796 | 1,481 | 1,692 | 296 | ||||||||||||||||||||||||
| Debt cost amortization |
1,300 | 1,259 | 5,066 | 5,264 | 1,891 | 512 | 470 | 0 | ||||||||||||||||||||||||
| Write off of unamortized deferred debt issuance costs |
0 | 0 | 0 | 1,940 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
| Portion of rents representative of an appropriate interest factor |
1,095 | 1,871 | 6,158 | 6,734 | 3,664 | 3,439 | 3,295 | 2,990 | ||||||||||||||||||||||||
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| Total fixed charges (1) |
$ | 5,732 | $ | 5,725 | $ | 22,345 | $ | 27,484 | $ | 13,351 | $ | 5,432 | $ | 5,457 | $ | 3,286 | ||||||||||||||||
| Adjusted earnings (2) |
($ | 19,057 | ) | $ | 15,246 | $ | 4,885 | $ | 144,963 | $ | 10,392 | $ | 108,968 | $ | 49,855 | $ | 43,440 | |||||||||||||||
| Ratio (2 divided by 1) |
(3.3 | ) | 2.7 | 0.2 | 5.3 | 0.8 | 20.1 | 9.1 | 13.2 | |||||||||||||||||||||||
| Fixed charges deficiency |
$ | 24,789 | $ | 0 | $ | 17,460 | $ | 0 | $ | 2,959 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
| Rent Expense |
$ | 3,287 | $ | 5,620 | $ | 18,493 | $ | 20,223 | $ | 11,003 | $ | 10,328 | $ | 9,895 | $ | 8,980 | ||||||||||||||||
| Interest Factor at 33.3% |
33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | ||||||||||||||||
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| Portion of rents representative of an appropriate interest factor |
$ | 1,095 | $ | 1,871 | $ | 6,158 | $ | 6,734 | $ | 3,664 | $ | 3,439 | $ | 3,295 | $ | 2,990 | ||||||||||||||||