EX-12.1 4 ex12_1.htm EXHIBIT 12.1 ex12_1.htm
Exhibit 12.1
 
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
  
Three months ended
    
Year Ended December 31,
  
 
  
March 31, 2012
    
2011
    
2010
    
2009
    
2008
    
2007
  
Earnings (loss) (in thousands)
   $ (6,819 )   $ (59,560 )   $ (6,154 )   $ 119,654     $ (14,309 )   $ (19,178 )
 
                                                
Fixed Charges (in thousands)
   $ 24     $ 104     $ 202     $ 827     $ 1,358     $ 784  
 
                                                
Ratio of Earnings to Fixed Charges
     -       -       -       145       -       -  
 
                                                
Coverage deficiency to attain a ratio of 1:1 (in thousands)
   $ (6,795 )   $ (59,456 )   $ (5,952 )     -     $ (12,951 )   $ (18,394 )