EX-12.1 4 dex121.htm STATEMENT OF COMPUTATION OF RATIOS Prepared by R.R. Donnelley Financial -- Statement of Computation of Ratios
 
EXHIBIT 12.1
 
Statement of Computation of Ratios
 
Pursuant to Item 503
Regulation S-K
 
 
                                 
Six months ended
June 30,
2002
  
   
Year ended December 31,
    
   
1997
    
1998
    
1999
    
2000
    
2001
    
   
(Dollars in Thousands)
  
Pre-tax loss before adjustment for minority interests and equity in net loss of affiliate
  
$
(37,483
)
  
$
(869
)
  
$
(20,050
)
  
$
(42,519
)
  
$
(62,170
)
  
$
(47,730
)
Interest expense
  
 
2,229
 
  
 
2,685
 
  
 
2,793
 
  
 
3,796
 
  
 
2,818
 
  
 
3,698
 
Amortization of interest expense related to warrants issued
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
744
 
Lease rental expense representative of interest(1)
  
 
371
 
  
 
321
 
  
 
723
 
  
 
534
 
  
 
637
 
  
 
338
 
   
 
 
 
 
 
Pre-tax loss before adjustment for minority interests and equity in net loss of affiliate plus fixed charges
  
 
(34,883
)
  
 
2,137
 
  
 
(16,534
)
  
 
(38,189
)
  
 
(58,715
)
  
 
(42,950
)
   
 
 
 
 
 
Less: fixed charges
                                                
Interest expense
  
 
2,229
 
  
 
2,685
 
  
 
2,793
 
  
 
3,796
 
  
 
2,818
 
  
 
3,698
 
Amortization of interest expense related to warrants issued
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
744
 
Lease rental expense representative of interest(1)
  
 
371
 
  
 
321
 
  
 
723
 
  
 
534
 
  
 
637
 
  
 
338
 
   
 
 
 
 
 
Total fixed charges
  
 
2,600
 
  
 
3,006
 
  
 
3,516
 
  
 
4,330
 
  
 
3,455
 
  
 
4,780
 
   
 
 
 
 
 
Pre-tax loss before adjustment for minority interests and equity in net loss of affiliate
  
$
(37,483
)
  
$
(869
)
  
$
(20,050
)
  
$
(42,519
)
  
$
(62,170
)
  
$
(47,730
)
   
 
 
 
 
 
Ratio of earnings to fixed charges
  
 
N/A
 
  
 
0.7
 
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
  
 
N/A
 
Deficiency in earnings
  
$
(37,483
)
  
$
(869
)
  
$
(20,050
)
  
$
(42,519
)
  
$
(62,170
)
  
$
(47,730
)
(1)
 
Calculated as one-third of rentals, which is a reasonable approximation of the interest factor.