EX-12.1 10 dex121.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Re: Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

RATIO OF EARNINGS TO FIXED CHARGES

Ratios of Earnings to Fixed Charges

 

 

($ in thousands)    2002
     2003
     2004

Net Income(loss) from continuing operations

    ($17,681 )   ($6,337 )   $3,243

Plus Fixed charges:

                 

Interest Expense

    —       —       1,404

Debt Cost Amortization

    —       —       313

Portion of rents representative of the interest factor

    313     381     438
    
 
 

Total fixed charges (1)

    $313     $ 381     $2,155

Adjusted earnings (2)

    (17,368 )   (5,956 )   5,398

Ratio (2 divided by 1)

    —       —       2.50
    
 
 

Fixed Charges Deficiency

    $17,681     $6,337     $—