EX-12 3 d558254dex12.htm EX-12 EX-12

Exhibit 12

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

(dollars in thousands)

 

                 Fiscal Year Ended December 31,  
     Six
Months Ended
June  30,

2013
    Three
Months Ended
June  30,

2013
    2012     2011     2010     2009     2008  

Earnings (loss):

              

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

   $ (30,628   $ (21,053   $ (112,064   $ (54,144   $ (35,362   $ (42,098   $ (16,240

add: Fixed charges (see below)

     389       147       1,188       1,207       1,207       712       1,115   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Pre-tax loss from continuing operations before adjustment for income/loss from equity investees plus fixed charges

   $ (30,239   $ (20,906   $ (110,876   $ (52,937   $ (34,155   $ (41,386   $ (15,125

Fixed charges:

              

Interest expense on indebtedness

   $ —        $ —        $ —        $ —        $ —        $ —        $ 872   

Interest expense on portion of rent expense representative of interest

     389       147       1,188       1,207       1,207       712       243   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     389      $ 147      $ 1,188      $ 1,207      $ 1,207     $ 712      $ 1,115   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     —          —          —          —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Deficiency of earnings available to cover fixed charges

     (30,628 )   $ (21,053 )   $ (112,064 )   $ (54,144 )   $ (35,362 )   $ (42,098 )   $ (16,240