EX-12.1 2 dex121.htm STATEMENT RE: CALCULATION OF RATIO OF EARNINGS Statement Re: Calculation of Ratio of Earnings

Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

    

Nine-months

ended

September 30,

2005


    For the Year Ended December 31,

 
       2004

    2003

    2002

    2001

    2000

 

Earnings (loss)-

                                                

Loss before income taxes

   $ (71,483 )   $ (93,271 )   $ (29,789 )   $ (34,017 )   $ (10,090 )   $ (5,847 )

Add fixed Charges:

                                                

Interest expense on indebtedness

   $ 4,881     $ 4,480     $ 990     $ 1,936     $ 692     $ 843  

Estimated interest on rental expense

     2,854       1,611       300       329       341       305  

Amortization of deferred closing costs related to convertible notes

     612       521       156       294       —         —    

Amortization of discount on convertible notes

                     271       511       —         —    
    


 


 


 


 


 


Total Adjusted Loss

   $ (63,136 )   $ (86,659 )   $ (28,072 )   $ (30,947 )   $ (9,057 )   $ (4,699 )
    


 


 


 


 


 


Fixed Charges -

                                                

Interest expense on indebtedness

   $ 4,881     $ 4,480     $ 990     $ 1,936     $ 692     $ 843  

Estimated interest on rental expense

     2,854       1,611       300       329       341       305  

Amortization of deferred closing costs related to convertible notes

     612       521       156       294       —         —    

Amortization of discount on convertible notes

                     271       511       —         —    
    


 


 


 


 


 


Total Fixed Charges

   $ 8,347     $ 6,612     $ 1,717     $ 3,070     $ 1,033     $ 1,148  

Coverage deficiency

   $ (71,483 )   $ (93,271 )   $ (29,789 )   $ (34,017 )   $ (10,090 )   $ (5,847 )