EX-12 3 dex12.htm COMPUTATION OF THE RATIO OF COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS Computation of the Ratio of Combined Fixed Charges and Preference Dividends

Exhibit 12

 

Computation of the Ratio of Earnings To Cover Fixed Charges and

Preference Dividends

 

     2002

    2003

    2004

    2005

    2006

 

Pre-tax income from continuing operations

   $ (34,917 )   $ (33,288 )   $ (33,924 )   $ (27,641 )   $ (32,432 )

Fixed charges

     111       78       509       4,176       5,962  
    


 


 


 


 


Earnings available to cover fixed charges

     (34,806 )     (33,210 )     (33,415 )     (23,465 )     (26,470 )
    


 


 


 


 


Fixed charges

                                        

Interest on indebtedness

     59       51       151       3,253       5,753  

Interest attributable to rental property (a)

     52       27       12       6       12  

Preferred stock dividend requirements

     —         —         346       917       197  
    


 


 


 


 


       111       78       509       4,176       5,962  
    


 


 


 


 


Ratio of earnings to cover fixed charges (b)

     N/A       N/A       N/A       N/A       N/A  

Additional earnings required to cover fixed charges

   $ 34,917     $ 33,288     $ 33,924     $ 27,641     $ 32,432  

 

(a) Based on a reasonable approximation of the interest factor.
(b) As earnings were insufficient to cover fixed charges and preferred dividends, if any, no ratio has been presented.