EX-12.1 2 dex121.htm STATEMENT RE: COMPUTATION OF RATIOS STATEMENT RE: COMPUTATION OF RATIOS

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

     For the Year Ended December 31,  
     2001     2002     2003     2004     2005  

Earnings (loss)

          

Loss before income taxes

   $ (10,090 )   $ (34,017 )   $ (29,789 )   $ (93,271 )   $ (88,593 )

Add fixed charges:

          

Interest expense on indebtedness

     692       1,936       990       4,480       6,557  

Estimated interest on rental expense

     341       329       300       1,611       3,900  

Amortization of deferred closing costs related to convertible notes

     —         294       156       521       816  

Amortization of discount on convertible notes

     —         511       271       —         —    
                                        

Total adjusted loss

   $ (9,057 )   $ (30,947 )   $ (28,072 )   $ (86,659 )   $ (77,320 )
                                        

Fixed charges

          

Interest expense on indebtedness

   $ 692     $ 1,936     $ 990     $ 4,480     $ 6,557  

Estimated interest on rental expense

     341       329       300       1,611       3,900  

Amortization of deferred closing costs related to convertible notes

     —         294       156       521       816  

Amortization of discount on convertible notes

     —         511       271       —         —    
                                        

Total fixed charges

   $ 1,033     $ 3,070     $ 1,717     $ 6,612     $ 11,273  

Coverage deficiency

   $ (10,090 )   $ (34,017 )   $ (29,789 )   $ (93,271 )   $ (88,593 )