EX-12.1 3 w96544a1exv12w1.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS exv12w1
 

Exhibit 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

                                                 
    For the Years Ended December 31,   Quarter Ended
    2003
  2002
  2001
  2000
  1999
  March 31, 2004
(in thousands, except ratio)
                                               
Earnings:
                                               
Earnings (losses) before minority interest and equity income (loss)
  $ (47,229 )   $ (36,810 )   $ (47,534 )   $ (59,897 )   $ 4,970     $ (10,642 )
Fixed Charges
    16,548       27,118       37,258       46,592       46,052       4,109  
 
   
 
     
 
     
 
     
 
     
 
     
 
 
Total earnings (losses)
  $ (30,681 )   $ (9,692 )   $ (10,276 )   $ (13,305 )   $ 51,022     $ (6,533 )
Fixed Charges:
                                               
Interest expense
  $ 13,568     $ 24,058     $ 34,238     $ 43,712     $ 43,572     $ 3,298  
Assumed interest element included in rent expense
    2,980       3,060       3,020       2,880       2,480       811  
 
   
 
     
 
     
 
     
 
     
 
     
 
 
Total Fixed Charges
  $ 16,548     $ 27,118     $ 37,258     $ 46,592     $ 46,052     $ 4,109  
Earnings available to cover fixed charges
  $ (30,681 )   $ (9,692 )   $ (10,276 )   $ (13,305 )   $ 51,022     $ (6,533 )
Fixed Charges
    16,548       27,118       37,258       46,592       46,052       4,109  
Ratio of Earnings to Fixed Charges
                                    1.1          
Deficit in dollars
  $ (47,229 )   $ (36,810 )   $ (47,534 )   $ (59,897 )   $     $ (10,642 )