EX-12.1 5 d433544dex121.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,     Nine months ended
September 30,

2012
 
    2007     2008     2009     2010     2011    
    (in thousands)  

Fixed charges:

           

Interest expense

  $ 104      $ 104      $ 97      $ 94      $ 90      $ 65   

Estimate of interest expense within rental expense

    129        129        153        204        220        182   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

  $ 233      $ 233      $ 250      $ 298      $ 310      $ 247   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings before fixed charges:

           

Net loss before provision for income taxes

  $ (27,168   $ (23,953   $ (25,159   $ (32,177   $ (2,318   $ (59,220

Add fixed charges

    233        233        250        298        310        247   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings (loss) before fixed charges

  $ (26,935   $ (23,720   $ (24,909   $ (31,879   $ (2,008   $ (58,973
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings to cover fixed charges:

  $ (27,168   $ (23,953   $ (25,159   $ (32,177   $ (2,318   $ (59,220
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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   $ (59,220

Add fixed charges

    233        233        250        298        310        247   

Add preferred stock dividends

    —          —          —          —          —          —     
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

  $ (26,935   $ (23,720   $ (24,909   $ (31,879   $ (2,008   $ (58,973
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

  $ (27,168   $ (23,953   $ (25,159   $ (32,177   $ (2,318   $ (59,220