EX-12.1 4 exhibit121statementofcompu.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit 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)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
For the year ended December 31,
 
 
2014
 
2013
 
2012
 
2011
 
2010
 
2009
Earnings (loss):
 
 
 
 
 
 
 
 
 
 
 
 
Loss before income taxes
 
$
(56,863
)
 
$
(104,126
)
 
$
(110,211
)
 
$
(116,215
)
 
$
(101,801
)
 
$
(82,882
)
Add:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
912

 
1,971

 
2,114

 
2,528

 
2,719

 
2,966

Estimated interest factor in rental expense
 
486

 
784

 
1,459

 
1,673

 
1,729

 
1,720

 
 
 
 
 
 
 
 
 
 
 
 
 
Total loss
 
$
(55,465
)
 
$
(101,371
)
 
$
(106,638
)
 
$
(112,014
)
 
$
(97,353
)
 
$
(78,196
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
912

 
$
1,971

 
$
2,114

 
$
2,528

 
$
2,719

 
$
2,966

Estimated interest factor in rental expense
 
486

 
784

 
1,459

 
1,673

 
1,729

 
1,720

 
 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
 
$
1,398

 
$
2,755

 
$
3,573

 
$
4,201

 
$
4,448

 
$
4,686

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (1)
 
—

 
—

 
—

 
—

 
—

 
—


(1)    For the six months ended June 30, 2014, and the fiscal years ended December 31, 2013, 2012, 2011, 2010 and 2009, our earnings were insufficient to cover fixed charges by $56.9 million, $104.1 million, $110.2 million, $116.2 million, $101.8 million and $82.9 million, respectively.