Six Months

Ended

June 30,

Year Ended December 31,

2016

2015

2014

2013

2012

2011

Pre-tax (loss) income from continuing operations

   adjusted to exclude income or loss from equity

   investees

$

(29,154

)

$

(32,403

)

$

55,189

$

14,253

$

30,788

$

16,753

Distributed income of equity investees

19

1,628

413

90

384

266

Fixed charges:

Interest expense and amortization of debt discount

   and premium on all indebtedness

13,396

18,889

11,391

8,529

4,965

2,508

Rentals

44

92

83

81

88

58

Total fixed charges

$

13,440

$

18,981

$

11,474

$

8,610

$

5,053

$

2,566

Pre-tax (loss) income from continuing operations

   adjusted to exclude income or loss from equity

   investees plus fixed charges and distributed income

   of equity investees

$

(15,695

)

$

(11,794

)

$

67,076

$

22,953

$

36,225

$

19,585

Ratio of earnings to fixed charges

(A)

(A)

5.8

2.7

7.2

7.6

(A)

Due to the Company’s loss for the six months ended June 30, 2016 and the year ended December 31, 2015, the ratio coverage in those periods was less than 1:1. The Company would have had to generate additional earnings of $29,135 and $30,775 for the six months ended June 30, 2016 and the year ended December 31, 2015, respectively, to achieve coverage of 1:1 in those periods.