EX-12.1 3 exh121statementofcomputati.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exh 12.1 Statement of 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
 
 
 
 
 
 
 
 
 
 
 
 
September 30,
 
For the year ended December 31,
 
 
2011
 
2010
 
2009
 
2008
 
2007
 
2006
Earnings (loss):
 
 
 
 
 
 
 
 
 
 
 
 
Loss before income taxes
 
$
(82,370
)
 
$
(101,801
)
 
$
(82,882
)
 
$
(76,860
)
 
$
(58,794
)
 
$
(54,430
)
Add:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
1,977

 
2,719

 
2,966

 
2,691

 
2,771

 
3,253

Estimated interest factor in rental expense
 
1,255

 
1,729

 
1,720

 
1,849

 
1,871

 
1,834

 
 
 
 
 
 
 
 
 
 
 
 
 
Total loss
 
$
(79,138
)
 
$
(97,353
)
 
$
(78,196
)
 
$
(72,320
)
 
$
(54,152
)
 
$
(49,343
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
1,977

 
$
2,719

 
$
2,966

 
$
2,691

 
$
2,771

 
$
3,253

Estimated interest factor in rental expense
 
1,255

 
1,729

 
1,720

 
1,849

 
1,871

 
1,834

 
 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
 
$
3,232

 
$
4,448

 
$
4,686

 
$
4,540

 
$
4,642

 
$
5,087

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (1)
 
—

 
—

 
—

 
—

 
—

 
—

(1)
For the nine months ended September 30, 2011, and the fiscal years ended December 31, 2010, 2009, 2008, 2007 and 2006, our earnings were insufficient to cover fixed charges by $82.4 million, $101.8 million, $82.9 million, $76.9 million, $58.8 million and $54.4 million, respectively.