EX-12.1 4 exhibit121ratioofearningst.htm RATIO OF EARNINGS TO FIXED CHARGES WebFilings | EDGAR view
 

Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended
 
 
 
 
 
 
 
 
 
 
 
 
September 30,
 
For the year ended December 31,
 
 
2010
 
2009
 
2008
 
2007
 
2006
 
2005
Earnings (loss):
 
 
 
 
 
 
 
 
 
 
 
 
Loss before income taxes
 
$
(78,802
)
 
$
(82,882
)
 
$
(76,860
)
 
$
(58,794
)
 
$
(54,430
)
 
$
(36,196
)
Add:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
2,093
 
 
2,966
 
 
2,691
 
 
2,771
 
 
3,253
 
 
3,280
 
Estimated interest factor in rental expense
 
1,284
 
 
1,720
 
 
1,849
 
 
1,871
 
 
1,834
 
 
1,859
 
Total loss
 
$
(75,425
)
 
$
(78,196
)
 
$
(72,320
)
 
$
(54,152
)
 
$
(49,343
)
 
$
(31,057
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
2,093
 
 
$
2,966
 
 
$
2,691
 
 
$
2,771
 
 
$
3,253
 
 
$
3,280
 
Estimated interest factor in rental expense
 
1,284
 
 
1,720
 
 
1,849
 
 
1,871
 
 
1,834
 
 
1,859
 
Total fixed charges
 
$
3,377
 
 
$
4,686
 
 
$
4,540
 
 
$
4,642
 
 
$
5,087
 
 
$
5,139
 
Ratio of Earnings to Fixed Charges (1)
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
 
(1)    For the nine months ended September 30, 2010, and the fiscal years ended December 31, 2009, 2008, 2007, 2006 and 2005, our earnings were insufficient to cover fixed charges by $78.8 million, $82.9 million, $76.9 million, $58.8 million, $54.4 million and $36.2 million, respectively.