EX-12.01 4 w91467a1exv12w01.htm EXHIBIT 12.01 exv12w01
 

Exhibit 12.01

COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES

                                                           
              Fiscal Year Ended December 31,           9 Months Ended
September 30,
             
         
      1998   1999   20001   2001   2002   2002   2003
     
 
 
 
 
 
 
      (In thousands)
Net loss
   $ (29,698 )   $ (26,868 )   $ (38,502 )   $ (60,317 )   $ (59,270 )   $ (44,932 )   $ (29,829 )
Add:
                                                        
Fixed charges
     880       1,232       1,641       1,650       1,664       1,234       2,480  
 
    
     
     
     
     
     
     
 
Earnings as adjusted
   $ (28,818 )   $ (25,636 )   $ (36,861 )   $ (58,667 )   $ (57,606 )   $ (43,698 )   $ (27,349 )
Fixed charges
                                                        
 
Interest
   $ 768     $ 640     $ 504     $ 500     $ 501     $ 310     $ 1,643  
 
Amortization of debt issue costs
     —       —       —       —       —       —       198  
 
Portion of rent representative of the interest factor
     112       592       1,137       1,150       1,163       924       638  
 
    
     
     
     
     
     
     
 
Total fixed charges
   $ 880     $ 1,232     $ 1,641     $ 1,650     $ 1,664     $ 1,234     $ 2,480  
 
    
     
     
     
     
     
     
 
Deficiency of earnings to cover fixed charges
   $ 29,698     $ 26,868     $ 38,502     $ 60,317     $ 59,270     $ 44,932     $ 29,829  
 
    
     
     
     
     
     
     
 

1Net loss excludes the cumulative effect of an accounting change of $8.6 million of contract revenues which were deferred upon adoption of Staff Accounting Bulletin 101.

          For the purposes of computing the ratio of fixed charges, earnings consist of income (loss) before provision for income taxes plus fixed charges. Fixed charges consist of interest charges, amortization of debt issuance costs and that portion of rental expense we believe to be representative of interest.