Attached files
| file | filename |
|---|---|
| 8-K - 8-K - TravelCenters of America Inc. /MD/ | a13-2227_38k.htm |
| EX-99.1 - EX-99.1 - TravelCenters of America Inc. /MD/ | a13-2227_3ex99d1.htm |
Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(dollar amounts in thousands)
|
|
|
Nine Months Ended |
|
Six Months Ended |
|
Three Months Ended |
| |||
|
|
|
|
|
|
|
|
| |||
|
Pre-tax income (loss) from continuing operations |
|
$ |
35,719 |
|
$ |
16,300 |
|
$ |
(13,941 |
) |
|
|
|
|
|
|
|
|
| |||
|
(Income) loss from equity investees |
|
(1,263 |
) |
(462 |
) |
200 |
| |||
|
Fixed charges |
|
58,839 |
|
39,188 |
|
19,629 |
| |||
|
Distribution of income from equity investee |
|
4,800 |
|
2,000 |
|
— |
| |||
|
|
|
|
|
|
|
|
| |||
|
Total earnings |
|
$ |
98,095 |
|
$ |
57,026 |
|
$ |
5,888 |
|
|
|
|
|
|
|
|
|
| |||
|
Interest expense(1) |
|
$ |
7,632 |
|
$ |
4,994 |
|
$ |
2,512 |
|
|
Estimated interest within rent expense(2) |
|
51,207 |
|
34,194 |
|
17,117 |
| |||
|
|
|
|
|
|
|
|
| |||
|
Total fixed charges |
|
$ |
58,839 |
|
$ |
39,188 |
|
$ |
19,629 |
|
|
|
|
|
|
|
|
|
| |||
|
Ratio of earnings to fixed charges |
|
1.67 |
|
1.46 |
|
N/A |
| |||
|
|
|
|
|
|
|
|
| |||
|
Deficiency of earnings available to cover fixed charges |
|
$ |
N/A |
|
$ |
N/A |
|
$ |
(13,741 |
) |
|
(1) |
Includes interest expense and amortization of premiums, discounts and capitalized expenses related to indebtedness. |
|
|
|
|
(2) |
Estimated interest within rent expense includes one-third of rental expense, which approximates the interest component of operating leases. |