EX-12.1 3 a08-21936_1ex12d1.htm EX-12.1

Exhibit 12.1

 

(dollars in thousands)

 

 

 

Year Ended December 31,

 

Nine Months ended
September 30,

 

 

 

2003

 

2004

 

2005

 

2006

 

2007

 

2007

 

2008

 

 

 

(Restated)

 

(Restated)

 

(Restated)

 

(Restated)

 

(Restated)

 

(Restated)

 

 

 

Ratio of Earnings to Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Loss from continuing operations

 

$

(11,981

)

$

(4,414

)

$

(22,641

)

$

(99,880

)

$

(44,112

)

$

(37,642

)

$

(13,672

)

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense on Indebtedness

 

76

 

723

 

4,962

 

4,348

 

3,844

 

2,827

 

2,379

 

Amortization of Borrowing Expenses

 

—

 

52

 

620

 

417

 

344

 

258

 

257

 

Portion of Rental Expense under operating leases deemed to be representative of the interest factor

 

652

 

644

 

1,333

 

3,833

 

3,867

 

3,467

 

2,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Fixed Charges

 

728

 

1,419

 

6,915

 

8,598

 

8,055

 

6,552

 

5,316

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings plus fixed charges

 

$

(11,253

)

$

(2,995

)

$

(15,726

)

$

(91,282

)

$

(36,057

)

$

(31,090

)

$

(8,536

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed charges

 

NA

 

NA

 

NA

 

NA

 

NA

 

NA

 

NA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings to fixed charges

 

$

11,981

 

$

4,414

 

$

22,641

 

$

99,880

 

$

44,112

 

$

37,642

 

$

13,672