EX-12.1 6 a06-23803_1ex12d1.htm EX-12

EXHIBIT 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

 

 

Fiscal the Year Ended December 31,

 

September 30,

 

 

 

2001

 

2002

 

2003

 

2004

 

2005

 

2006

 

 

 

(In thousands)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(8,584

)

$

(8,654

)

$

(6,044

)

$

(18,845

)

$

(66,675

)

$

(51,366

)

Add: Fixed charges

 

—

 

—

 

—

 

3,587

 

7,335

 

774

 

Earnings as defined

 

(8,584

)

(8,654

)

(6,044

)

(15,258

)

(59,340

)

(50,592

)

Fixed charges — Interest expense

 

—

 

—

 

—

 

3,587

 

7,335

 

774

 

Ratio of earnings to fixed charges (1)

 

—

 

—

 

—

 

—

 

—

 

—

 

(1)             For purposes of computing the ratio of earnings to fixed charges earnings consist of income from continuing operations before income taxes plus fixed charges.  Fixed charges consist of interest expense.  Earnings were insufficient to cover fixed charges by $8.6 million in 2001, $8.7 million in 2002, $6.0 million in 2003, $15.3 million in 2004, $59.3 million in 2005 and $50.6 million in the nine-month period ended September 30, 2006.