EX-12.1 5 d317440dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

Computation of Deficiency in the Coverage of Fixed Charges by Earnings Before Fixed Charges and Preferred Stock

Dividends

 

     Year ended December 31,  
     2007     2008     2009     2010     2011  
     (in thousands)  

Fixed charges:

          

Interest expense

   $ 104      $ 104      $ 97      $ 94      $ 90   

Estimate of interest expense within rental expense

     129        129        153        204        220   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 233      $ 233      $ 250      $ 298      $ 310   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings before fixed charges:

          

Net loss before provision for income taxes

   $ (27,168   $ (23,953   $ (25,159   $ (32,177   $ (2,318

Add fixed charges

     233        233        250        298        310   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings (loss) before fixed charges

   $ (26,935   $ (23,720   $ (24,909   $ (31,879   $ (2,008
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings to cover fixed charges:

   $ (27,168   $ (23,953   $ (25,159   $ (32,177   $ (2,318
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings before fixed charges and preferred stock dividends:

          

Net loss before provision for income taxes

   $ (27,168   $ (23,953   $ (25,159   $ (32,177   $ (2,318

Add fixed charges

     233        233        250        298        310   

Add preferred stock dividends

     —          —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings (loss) before fixed charges and preferred stock dividends

   $ (26,935   $ (23,720   $ (24,909   $ (31,879   $ (2,008
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings to cover fixed charges and preferred stock dividends:

   $ (27,168   $ (23,953   $ (25,159   $ (32,177   $ (2,318