EX-12.1 2 ex121for2012s-31.htm STATEMENT RE COMPUTATION OF RATIO EARNINGS/FIXED EX 12.1 for 2012 S-3 (1)


STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Fiscal Year Ended, December, 31
 
2007
2008
2009
2010
2011
 
(In thousands)
Fixed Charges:
 
 
 
 
 
Interest expensed
—

—

$
1,251

$
1,356

$
146

Interest capitalized
—

$
1,200

863

821

2,373

Estimated interest within rental expense
$
14

20

24

22

23

Total Fixed Charges
$
14

$
1,220

$
2,138

$
2,199

$
2,542

 
 
 
 
 
 
Earnings:
 
 
 
 
 
Pre-tax income (loss) from continuing operations before noncontrolling interest
$
2,041

$
56,389

$
(40,742
)
$
(19,838
)
$
(15,685
)
Fixed charges
(14
)
(1,220
)
(2,138
)
(2,199
)
(2,542
)
Interest capitalized
—

(1,200
)
(863
)
(821
)
(2,373
)
Total Earnings
$
2,027

$
53,969

$
(43,743
)
$
(22,858
)
$
(20,600
)
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
144.79x

44.24x

—

—

—

 
 
 
 
 
 
Deficiency of Earnings to Cover Fixed Charges
 
 
$
(45,881
)
$
(25,057
)
$
(23,142
)