EX-12 5 d413615dex12.htm COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS/DEFICIENCIES TO FIXED CHARGES Computation of Consolidated Ratios of Earnings/Deficiencies to Fixed Charges

Exhibit 12

STATEMENT REGARDING COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS/DEFICIENCIES TO FIXED CHARGES

(dollars in thousands)

 

                 Fiscal Year Ended December 31,  
     Nine Months ended
September 30,
2012
    Three Months ended
September 30,
2012
    2011     2010     2009     2008     2007  

Earnings (loss):

              

Pre-tax loss from continuing operations before adjustment for loss from equity investee

   $ (40,185   $ (17,889   $ (54,144   $ (35,362   $ (42,098   $ (16,240   $ (79,146

add: Fixed charges (see below)

     896        320        1,207        1,207        712        1,115        1,553   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Pre-tax income (loss) from continuing operations before adjustment for income/loss from equity investees plus fixed charges

   $ (39,289   $ (17,569   $ (52,937   $ (34,155   $ (41,386   $ (15,125   $ (77,593

Fixed charges:

              

Interest expense on indebtedness

   $ —        $ —        $ —        $ —        $ —        $ 872      $ 1,083   

Interest expense on portion of rent expense representative of interest

     896        320        1,207        1,207        712        243        470   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 896      $ 320      $ 1,207      $ 1,207      $ 712      $ 1,115      $ 1,553   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     —          —          —          —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings available to cover fixed charges

   $ (40,185   $ (17,889   $ (54,144   $ (35,362   $ (42,098   $ (16,240   $ (79,146