EX-12.1 4 h21867exv12w1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12.1 STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS)
NINE MONTHS ENDED FOR THE YEAR ENDED DECEMBER 31, SEPTEMBER 30, ------------------------------------------------------------- 2004 2003 2002 2001 2000 1999 ------------- ---------- ----------- --------- ---------- --------- EARNINGS (LOSS): Income (loss) from continuing operations $ (46,631) $ (61,122) $ (59,670) $ (35,172) $ (25,994) $ (12,475) Add: Interest expense 1,829 325 7 314 422 303 Estimated interest factor in rental expense 1,308 2,947 2,332 762 1,171 822 ------------- ---------- ----------- --------- ---------- --------- Total earnings (loss) $ (43,494) $(57,850) $ (57,331) $ (34,096) $ (24,401) $ (11,350) ============= ========== =========== ========= ========== ========= FIXED CHARGES: Interest expense $ 1,829 $ 325 $ 7 $ 314 $ 422 $ 303 Estimated interest factor in rental expense 1,308 2,947 2,332 762 1,171 822 Accretion on redeemable convertible preferred stock 0 0 0 0 134 535 ------------- ---------- ----------- --------- ---------- --------- Total fixed charges $ 3,137 $ 3,272 $ 2,339 $ 1,076 $ 1,727 $ 1,660 ============= ========== =========== ========= ========== ========= DEFICIENCY OF EARNINGS TO COVER FIXED CHARGES: $ (46,631) $ (61,122) $ (59,670) $ (35,172) $ (26,128) $ (13,010)