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,  
     2006     2005     2004     2003     2002  

Earnings (loss)

          

Loss before income taxes

   $ (78,298 )   $ (88,593 )   $ (93,271 )   $ (29,789 )   $ (34,017 )

Add fixed charges:

          

Interest expense on indebtedness

     9,574       6,557       4,480       990       1,936  

Estimated interest on rental expense

     3,979       3,900       1,611       300       329  

Amortization of deferred closing costs related to convertible notes

     827       816       521       156       294  

Amortization of discount on convertible notes

     —         —         —         271       511  
                                        

Total adjusted loss

   $ (63,918 )   $ (77,320 )   $ (86,659 )   $ (28,072 )   $ (30,947 )
                                        

Fixed charges

          

Interest expense on indebtedness

   $ 9,574     $ 6,557     $ 4,480     $ 990     $ 1,936  

Estimated interest on rental expense

     3,979       3,900       1,611       300       329  

Amortization of deferred closing costs related to convertible notes

     827       816       521       156       294  

Amortization of discount on convertible notes

     —         —         —         271       511  
                                        

Total fixed charges

   $ 14,380     $ 11,273     $ 6,612     $ 1,717     $ 3,070  

Coverage deficiency

   $ (78,298 )   $ (88,593 )   $ (93,271 )   $ (29,789 )   $ (34,017 )