EX-12.1 2 dex121.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement re: Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

     For the Year Ended December 31,     Nine-Months Ended
September 30,
 
     2003     2004     2005     2006     2007     2007     2008  

Earnings (loss)-

              

Loss before income taxes

   $ (29,388 )   $ (93,479 )   $ (88,628 )   $ (78,298 )   $ (29,469 )   $ (15,182 )   $ (53,229 )

Add fixed Charges:

              

Interest expense on indebtedness

   $ 990     $ 4,480     $ 6,556     $ 10,256     $ 18,581       12,317       13,780  

Estimated interest on rental expense

     300       1,611       1,948       1,959       1,733       1,341       1,300  

Amortization of deferred closing costs related to convertible notes

     156       521       816       827       1,324       936       1,166  

Amortization of discount on convertible notes

     271       —         —         —         7,649       5,017       9,317  
                                                        

Total Adjusted Loss

   $ (27,621 )   $ (86,867 )   $ (79,273 )   $ (65,256 )   $ (182 )   $ 4,429     $ (27,666 )
                                                        

Fixed Charges-

              

Interest expense on indebtedness

   $ 990     $ 4,480     $ 6,556     $ 10,256     $ 28,205       12,317       13,780  

Estimated interest on rental expense

     300       1,611       1,948       1,959       1,733       1,341       1,300  

Amortization of deferred closing costs related to convertible notes

     156       521       816       827       1,324       936       1,166  

Amortization of discount on convertible notes

     271       —         —         —         7,649       5,012       9,317  
                                                        

Total Fixed Charges

   $ 1,717     $ 6,612     $ 9,320     $ 13,042     $ 29,287     $ 19,611     $ 25,563  

Coverage deficiency

   $ (29,388 )   $ (93,479 )   $ (88,628 )   $ (78,298 )   $ (29,469 )   $ (15,182 )   $ (53,229 )
                                                        

Ratio of earnings to fixed charges