EX-12.1 2 dex121.htm STATEMENT RE: COMPUTATION OF RATIOS Statement re: Computation of Ratios

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

     For the Year Ended December 31,  
     2003     2004     2005     2006     2007  

Earnings (loss)-

          

Loss before income taxes

   $ (29,789 )   $ (93,271 )   $ (88,593 )   $ (78,298 )   $ (29,469 )

Add fixed Charges:

          

Interest expense on indebtedness

   $ 990     $ 4,480     $ 6,556     $ 8,676     $ 10,562  

Estimated interest on rental expense

     300       1,611       1,948       1,959       1,733  

Amortization of deferred closing costs related to convertible notes

     156       521       816       827       1,324  

Amortization of discount on convertible notes

     271       —         —         —         7,649  
                                        

Total Adjusted Loss

   $ (28,072 )   $ (86,659 )   $ (79,273 )   $ (66,836 )   $ (8,201 )
                                        

Fixed Charges-

          

Interest expense on indebtedness

   $ 990     $ 4,480     $ 6,556     $ 8,676     $ 10,562  

Estimated interest on rental expense

     300       1,611       1,948       1,959       1,733  

Amortization of deferred closing costs related to convertible notes

     156       521       816       827       1,324  

Amortization of discount on convertible notes

     271       —         —         —         7,649  
                                        

Total Fixed Charges

   $ 1,717     $ 6,612     $ 9,320     $ 11,462     $ 21,268  

Coverage deficiency

   $ (29,789 )   $ (93,271 )   $ (88,593 )   $ (78,298 )   $ (29,469 )