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Exhibit 12.1

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES



 
Predecessor
 
 
Successor
 
Years Ended December 31,
 
Seven Months Ended July 31,
 
 
Two Months Ended September 30,
 
2011
 
2012
 
2013
 
2014
 
2015
 
2016
 
 
2016
 
 
 
(in thousands)
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and cumulative effect of accounting change
$
53,969

 
$
116,453

 
$
(27,568
)
 
$
(10,168
)
 
$
(314,019
)
 
$
(214,841
)
 
 
$
(36,528
)
Interest expense
86,192

 
93,200

 
93,890

 
87,236

 
99,600

 
48,002

 
 
4,408

Loss on investment in equity investees in excess of distributed earnings
—

 
361

 
958

 
6,094

 
7,928

 
—

 
 
—

Accretion of discount on term loans
—

 
—

 
—

 
—

 
—

 
—

 
 
2,077

Amortization of capitalized interest
170

 
115

 
381

 
422

 
540

 
359

 
 
68

Loan cost amortization
523

 
2,906

 
2,928

 
6,122

 
4,623

 
2,455

 
 
41

Earnings (loss)
$
140,854

 
$
213,035

 
$
70,589

 
$
89,706

 
$
(201,328
)
 
$
(164,025
)
 
 
$
(29,934
)
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
86,192

 
$
93,200

 
$
93,890

 
$
87,236

 
$
99,600

 
$
48,002

 
 
$
4,408

Accretion of discount on term loans
—

 
—

 
—

 
—

 
—

 
—

 
 
2,077

Capitalized interest
883

 
2,249

 
1,131

 
2,103

 
2,309

 
(989
)
 
 
—

Loan cost amortization
523

 
2,906

 
2,928

 
6,122

 
4,623

 
2,455

 
 
41

Fixed Charges
$
87,598

 
$
98,355

 
$
97,949

 
$
95,461

 
$
106,532

 
$
49,468

 
 
$
6,526

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
1.6

 
2.2

 
(a)
 
(a)
 
(a)
 
(a)
 
 
(a)

(a)
Earnings (loss) for the two months ended September 30, 2016, seven months ended July 31, 2016 and twelve months ended December 31, 2015, 2014 and 2013 were inadequate to cover fixed charges by $36.5 million, $186.4 million, $307.9 million, $5.8 million and $27.4 million, respectively.