EX-12.1 8 exh12-1.htm COMPUTATION RATIO OF EARNINGS AVAILABLE TO COVER FIXED CHARGES 10-K 2008 Exhibit 12.1

Exhibit 12.1
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
(in thousands)
                               
      Year Ended December 31,
      2004
    2005
    2006
    2007
    2008
Earnings (loss)                              
Pre-tax loss   $ (166,618)   $ (169,778)   $ (112,668)   $ (3,502)   $ (31,905)
Total fixed charges   $ 8,297 
  $ 25,937 
  $ 29,634 
  $ 41,932 
  $ 65,534 
Total income (loss) before fixed charges   $ (158,321)
  $ (143,841)
  $ (83,034)
  $ 38,430 
  $ 33,629 
                               
Fixed Charges                              
Interest expenses   $ 7,527    $ 25,119    $ 28,970    $ 41,397    $ 65,373 
Assumed interest attributable to rentals   $ 770 
  $ 818 
  $ 664 
  $ 535 
  $ 161 
Total fixed charges   $ 8,297 
  $ 25,937 
  $ 29,634 
  $ 41,932 
  $ 65,534 
Deficiency of earnings available to cover fixed charges   $ 166,618 
  $ 169,778 
  $ 112,668 
  $ 3,502 
  $ 31,905 
Ratio of earnings available to cover fixed charges     n/a      n/a      n/a      n/a      n/a