EX-12.1 5 a2199579zex-12_1.htm EX-12.1
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Exhibit 12.1

Statement Regarding the Computation of
Ratio of Earnings to Fixed Charges

 
  For the Year Ended December 31,   For the Six Months Ended June 30,  
 
  2005   2006   2007   2008   2009   2009   2010  

Earnings Before Fixed Charges:

                                           
 

Income (loss) before income taxes

    1,507,245     3,836,346     7,377,687     (2,018,843 )   738,056     (7,188,086 )   (33,137,122 )
 

Add fixed charges

    1,008,161     5,714,414     17,207,944     33,680,606     25,159,653     11,710,691     12,523,625  
                               
   

Income (loss) before fixed charges

    2,515,406     9,550,760     24,585,631     31,661,763     25,897,709     4,522,605     (20,613,497 )
                               

Fixed Charges:

                                           
 

Interest expense, net

    550,796     3,751,673     10,744,547     22,383,705     18,613,301     8,935,849     10,009,303  
 

Estimate of interest expense within rental expense

    457,365     1,962,741     6,463,397     11,296,901     6,546,351     2,774,842     2,514,322  
                               
   

Total fixed charges

    1,008,161     5,714,414     17,207,944     33,680,606     25,159,653     11,710,691     12,523,625  
                               

Deficiency of earnings available to cover fixed charges

   
   
   
   
(2,018,843

)
 
   
(7,188,086

)
 
(33,137,122

)
                               

Ratio of earnings to fixed charges

   
2.50
   
1.67
   
1.43
   
   
1.03
   
   
 
                               



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