EX-12.1 2 dex121.htm STATEMENT REGARDING CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES. Statement Regarding Calculation of Ratio of Earnings to Fixed Charges.

Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Three-months     For the Year Ended December 31,

 
     ended
March 31,
2005


    2004

    2003

    2002

    2001

    2000

 

Earnings (loss)-

                                                

Loss before income taxes

   $ (27,836 )   $ (93,271 )   $ (29,789 )   $ (34,017 )   $ (10,090 )   $ (5,847 )

Add fixed Charges:

                                                

Interest expense on indebtedness

   $ 1,627     $ 4,480     $ 990     $ 1,936     $ 692     $ 843  

Estimated interest on rental expense

     476       1,611       300       329       341       305  

Amortization of deferred closing costs related to convertible notes

     204       521       156       294       —         —    

Amortization of discount on convertible notes

                     271       511       —         —    
    


 


 


 


 


 


Total Adjusted Loss

   $ (25,529 )   $ (86,659 )   $ (28,072 )   $ (30,947 )   $ (9,057 )   $ (4,699 )
    


 


 


 


 


 


Fixed Charges-

                                                

Interest expense on indebtedness

   $ 1,627     $ 4,480     $ 990     $ 1,936     $ 692     $ 843  

Estimated interest on rental expense

     476       1,611       300       329       341       305  

Amortization of deferred closing costs related to convertible notes

     204       521       156       294       —         —    

Amortization of discount on convertible notes

                     271       511       —         —    
    


 


 


 


 


 


Total Fixed Charges

   $ 2,307     $ 6,612     $ 1,717     $ 3,070     $ 1,033     $ 1,148  
    


 


 


 


 


 


Coverage deficiency

   $ (27,836 )   $ (93,271 )   $ (29,789 )   $ (34,017 )   $ (10,090 )   $ (5,847 )