EX-12.1 4 d879439dex121.htm EX-12.1 EX-12.1

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,
 
     2009     2010     2011     2012     2013     2014  
     (in thousands)  

Fixed charges:

            

Interest expense

   $ 97      $ 94      $ 90      $ 86      $ 82      $ 89   

Estimate of interest expense within rental expense

     153        204        220        104        84        202   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

$ 250    $ 298    $ 310    $ 190    $ 166    $ 291   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings before fixed charges:

Net loss before provision for income taxes

$ (25,159 $ (32,177 $ (2,318 $ (121,287 $ (111,985 $ (91,373

Add fixed charges

  250      298      310      190      166      291   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings (loss) before fixed charges

$ (24,909 $ (31,879 $ (2,008 $ (121,097 $ (111,819 $ (91,082
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings to cover fixed charges:

$ (25,159 $ (32,177 $ (2,318 $ (121,287 $ (111,985 $ (91,373
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings before fixed charges and preferred stock dividends:

Net loss before provision for income taxes

$ (25,159 $ (32,177 $ (2,318 $ (121,287 $ (111,985 $ (91,373

Add fixed charges

  250      298      310      190      166      291   

Add preferred stock dividends

  —        —        —        —        —        —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

$ (24,909 $ (31,879 $ (2,008 $ (121,097 $ (111,819 $ (91,082
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

$ (25,159 $ (32,177 $ (2,318 $ (121,287 $ (111,985 $ (91,373