EX-12.1 3 d176814dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth our ratio of earnings to fixed charges for the periods indicated:

 

     Three Months
ended
March 31, 2016		     Fiscal Years  
           2015     2014     2013     2012     2011  

Earnings:

             

Income (loss) before income taxes

    $ (9,719 )    $ (27,176 )    $ (16,178 )    $ (11,444 )    $ (7,484 )    $ (5,425 ) 

Fixed charges to add to earnings:

             

Interest expense

      244        231        192        452        702        643   

Amortization of financing costs

      15        61        113        114        100        171   

Rent interest factor (1)

      122        505        443        218        197        169   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

      381        797        748        784        999        983   

Earnings before income taxes and fixed charges

    $ (9,338 )    $ (26,379 )    $ (15,430 )    $ (10,660 )    $ (6,485 )    $ (4,442 ) 

Ratio of earnings to fixed charges

      N/A        N/A        N/A        N/A        N/A        N/A   

Ratio of earnings to fixed charges is not applicable as the Company is deficient in earnings by $9,338, $26,379, $15,430, $10,660, $6,485, and $4,442 for the three months ended March 31, 2016 and fiscal years ending 2015, 2014, 2013, 2012, and 2011, respectively.

 

(1) Approximately one-third of rental expense is deemed representative of the interest factor.