EX-12.1 3 d317913dex121.htm CALCULATION OF RATIOS OF EARNINGS TO FIXED CHARGES Calculation of Ratios of Earnings to Fixed Charges

EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

 

     Year Ended December 31,  
     2011     2010     2009     2008     2007  

Earnings:

           

Pretax loss from continuing operations

      (128,815 )      (73,118 )      (92,924 )      (88,258 )      (60,962 )

Add:

           

Fixed charges

      16,416        688        338        719        561   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Earnings

      (112,399 )      (72,430 )      (92,586 )      (87,539 )      (60,401 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges:

           

Interest expensed

      16,357        630        278        661        475   

Estimate of interest expense within rental expense

      59        58        60        58        86   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Fixed Charges

      16,416        688        338        719        561   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      n/a        n/a        n/a        n/a        n/a   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Deficiency of Earnings Available to Cover Fixed Charges

      (128,815 )      (73,118 )      (92,924 )      (88,258 )      (60,962 )