EX-12.1 2 g93555exv12w1.htm EX-12.1 COMPUTATION OF RATIO OF EARNINGS EX-12.1 COMPUTATION OF RATIO OF EARNINGS
 

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

     The following table sets forth our consolidated ratio of earnings to fixed charges for each of the periods indicated:

                                           
    Years Ended December 31,
    Fiscal years ended December 31,
    2004   2003   2002   2001   2000
                     
Ratio of Earnings to Fixed Charges
    2.7       2.0       *       *       *  
 
*   The earnings for the years ended December 31, 2002 through 2000 were inadequate to cover total fixed charges. The coverage deficiencies for the years ended December 31, 2002 through 2000 were (in thousands): $63,192, $6,665,780 and $3,082,114, respectively.

     In computing the ratio of earnings to fixed charges, earnings have been based on income (loss) from continuing operations before income taxes plus fixed charges. Fixed charges consist of interest, amortization of debt issuance costs and the portion of rental expense on operating leases attributable to interest.