EX-12 4 d335938dex12.htm COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS/DEFICIENCIES Computation of Consolidated Ratios of Earnings/Deficiencies

Exhibit 12

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

(dollars in thousands)

 

     Three
Months
ended
March 31,
2012
    Fiscal Year Ended December 31,  
       2011     2010     2009     2008     2007  

Earnings (loss):

            

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

   $ (10,479   $ (54,144   $ (35,362   $ (42,098   $ (16,240   $ (79,146

add: Fixed charges (see below)

     285        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

   $ (10,194   $ (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

     285        1,207        1,207        712        243        470   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 285      $ 1,207      $ 1,207      $ 712      $ 1,115      $ 1,553   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     —          —         —         —         —         —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings available to cover fixed charges

   $ (10,479   $ (54,144   $ (35,362   $ (42,098   $ (16,240   $ (79,146