EX-12.1 4 d460929dex121.htm STATEMENT OF COMPUTATION OF RATIOS Statement of Computation of Ratios

Exhibit 12.1

Statement of Computation of Ratios

 

     Year Ended December 31,     Nine Months Ended
September 30, 2012
 
     2007     2008     2009     2010     2011    
     (in thousands)  

Earnings:

            

Net loss before income taxes

   $ (27,680   $ (45,570   $ (45,889   $ (73,554   $ (83,912   $ (46,738

Add: Fixed charges

     426        1,816        9,305        10,179        7,776        8,829   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings as defined

   $ (27,254   $ (43,754   $ (36,584   $ (63,375   $ (76,136   $ (37,909

Fixed Charges:

            

Interest expensed

     377        1,718        9,188        10,013        7,644        8,730   

Estimated interest component of rent expenses

     49        98        117        166        132        99   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     426        1,816        9,305        10,179        7,776        8,829   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges(1)

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(1) Earnings were insufficient to cover fixed charges by approximately $27.7 million, $45.6 million, $45.9 million, $73.6 million, $83.9 and $46.7 million for the years ended December 31, 2007, 2008, 2009, 2010, 2011 and for the nine months ended September 30, 2012, respectively. The ratio of earnings to fixed charges was less than one-to-one for each of the periods presented. We have not included a ratio of earnings to combined fixed charges and preferred stock dividends because we do not have any preferred stock outstanding as of the date of this prospectus.