EX-12.1 3 w96544exv12w1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

Exhibit 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

                                         
    For the Years Ended December 31,
    2003
  2002
  2001
  2000
  1999
(in thousands, except ratio)
                                       
Earnings:
                                       
Earnings (losses) before minority interest and equity income (loss)
  $ (47,229 )   $ (36,810 )   $ (47,534 )   $ (59,897 )   $ 4,970  
Fixed Charges
    16,548       27,118       37,258       46,592       46,052  
 
   
 
     
 
     
 
     
 
     
 
 
Total earnings (losses)
  $ (30,681 )   $ (9,692 )   $ (10,276 )   $ (13,305 )   $ 51,022  
Fixed Charges:
                                       
Interest expense
  $ 13,568     $ 24,058     $ 34,238     $ 43,712     $ 43,572  
Assumed interest element included in rent expense
    2,980       3,060       3,020       2,880       2,480  
 
   
 
     
 
     
 
     
 
     
 
 
Total Fixed Charges
  $ 16,548     $ 27,118     $ 37,258     $ 46,592     $ 46,052  
Earnings available to cover fixed charges
  $ (30,681 )   $ (9,692 )   $ (10,276 )   $ (13,305 )   $ 51,022  
Fixed Charges
    16,548       27,118       37,258       46,592       46,052  
Ratio of Earnings to Fixed Charges
                                    1.1  
Deficit in dollars
  $ (47,229 )   $ (36,810 )   $ (47,534 )   $ (59,897 )   $