EX-12.1 5 exh12_1.htm STATEMENT OF COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES exh12_1.htm
Exhibit 12.1
 
                                     
Statement of Computation of Ratio of Earnings to Fixed Charges
(in thousands)
  
                                     
   
Six months ended
                                
   
June 30,
    
For the year ended December 31,
  
   
2009
    
2008
    
2007
    
2006
    
2005
    
2004
  
Earnings (loss):
                                    
Loss before income taxes
   $ (41,633 )   $ (76,860 )   $ (58,794 )   $ (54,430 )   $ (36,196 )   $ (47,172 )
Add:
                                                
Interest expense
     1,395       2,691       2,771       3,253       3,280       2,660  
Estimated interest factor in rental expense
     862       1,849       1,871       1,834       1,859       1,836  
                                                 
Total loss
   $ (39,376 )   $ (72,320 )   $ (54,152 )   $ (49,343 )   $ (31,057 )   $ (42,676 )
                                                 
Fixed Charges:
                                                
Interest expense
   $ 1,395     $ 2,691     $ 2,771     $ 3,253     $ 3,280     $ 2,660  
Estimated interest factor in rental expense
     862       1,849       1,871       1,834       1,859       1,836  
                                                 
Total fixed charges
   $ 2,257     $ 4,540     $ 4,642     $ 5,087     $ 5,139     $ 4,496  
                                                 
Ratio of Earnings to Fixed Charges (1)
     —       —       —       —       —       —  

 
(1)           For the six months ended June 30, 2009, and the fiscal years ended December 31, 2008, 2007, 2006, 2005 and 2004, our earnings were insufficient to cover fixed charges by $41.6 million, $76.9 million, $58.8 million, $54.4 million, $36.2 million, and $47.2 million, respectively.