EX-12.1 4 dex121.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement regarding computation of ratio of earnings to fixed charges

Ratios of Earnings to Fixed Charges

 

Exhibit 12.1

 

 

($ in thousands)                                  For the six months ended  
     1999
     2000
     2001
     2002
     2003
     June 30, 2004
    June 30, 2003
  

Net Income(loss) from continuing operations

    $ (16,649 )   $ (68,509 )   $ (472,789 )   $ (17,681 )   $ (6,337 )   $ 498    $ (4,919 )

Plus Fixed charges:

                                                        

Portion of rents representative of the interest factor

      193       312       371       313       366       218      171  

Total fixed charges (1)

    $ 193     $ 312     $ 371     $ 313     $ 366     $ 218    $ 171  

Adjusted earnings (2)

      (16,456 )     (68,197 )     (472,418 )     (17,368 )     (5,971 )     716      (4,748 )

Ratio (2 divided by 1)

      —         —         —         —         —         3.28      —    
    
 
 
 
 
 
  

Fixed Charges Deficiency

    $ 16,649     $ 68,509     $ 472,789     $ 17,681     $ 6,337     $ —      $ 4,919