EX-12.1 5 a2192947zex-12_1.htm EX-12.1
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EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
   
   
   
   
   
  Three
Months
Ended
March 31,
2009
 
 
  Year Ended December 31,  
(in thousands)
  2004   2005   2006   2007   2008  

Earnings:

                                     

Loss before income taxes

  $ (102,654 ) $ (143,164 ) $ (166,044 ) $ (159,997 ) $ (93,643 ) $ (19,217 )

Add: Fixed charges

    1,855     1,818     1,881     1,833     7,399     1,933  

Total Earnings

  $ (100,799 ) $ (141,346 ) $ (164,163 ) $ (158,144 ) $ (86,244 ) $ (17,284 )

Fixed Charges

                                     

Interest expense

  $ 575   $ 309   $ 193   $ 93   $ 5,681   $ 1,516  

Estimated interest component of rent expense

    1,280     1,509     1,688     1,740     1,718     417  

Total fixed charges

  $ 1,855   $ 1,818   $ 1,881   $ 1,833   $ 7,399   $ 1,933  

Ratio of earnings to fixed charges

    Note 1     Note 1     Note 1     Note 1     Note 1     Note 1  

Note 1: Earnings for 2004, 2005, 2006, 2007, 2008 and the three months ended March 31, 2009 were insufficient to cover fixed charges by $102.7 million, $143.2 million, $166.0 million $160.0 million, $93.6 million and $19.2 million, respectively.




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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES