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,  
     2004     2005     2006     2007     2008  

Earnings (loss)-

          

Loss before income taxes

   $ (93,479 )   $ (88,628 )   $ (78,298 )   $ (29,469 )   $ (64,335 )

Add fixed Charges:

          

Interest expense on indebtedness

   $ 4,480     $ 6,556     $ 10,256     $ 18,581     $ 17,686  

Estimated interest on rental expense

     1,611       1,948       1,959       1,733       1,848  

Amortization of deferred closing costs related to convertible notes

     521       816       827       1,324       1,416  

Amortization of discount on convertible notes

     —         —         —         7,649       11,290  
                                        

Total Adjusted Loss

   $ (86,867 )   $ (79,308 )   $ (65,256 )   $ (182 )   $ (32,095 )
                                        

Fixed Charges-

          

Interest expense on indebtedness

   $ 4,480     $ 6,556     $ 10,256     $ 18,581     $ 17,686  

Estimated interest on rental expense

     1,611       1,948       1,959       1,733       1,848  

Amortization of deferred closing costs related to convertible notes

     521       816       827       1,324       1,416  

Amortization of discount on convertible notes

     —         —         —         7,649       11,290  
                                        

Total Fixed Charges

   $ 6,612     $ 9,320     $ 13,042     $ 29,287     $ 32,240  

Coverage deficiency

   $ (93,479 )   $ (88,628 )   $ (78,298 )   $ (29,469 )   $ (64,335 )