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

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined

Fixed Charges and Preferred Stock Dividend Requirements

(In thousands, except for ratios)

Ratio of Earnings to Fixed Charges

 

     Year Ended December 31,  
     2007     2006     2005     2004     2003  

Loss before income taxes

    $ (125,156 )   $ (53,316 )   $ (59,011 )   $ (93,666 )   $ (81,038 )

Add: Fixed charges

      12,542       12,415       13,263       13,433       10,743  

Less: Capitalized interest

      —         —         —         —         (832 )
                                        

Earnings, as defined

    $ (112,614 )   $ (40,901 )   $ (45,748 )   $ (80,233 )   $ (71,127 )
                                        

Interest expense

    $ 10,331     $ 10,465     $ 10,679     $ 9,885     $ 5,360  

Capitalized interest

      —         —         —         —         832  

Estimated interest portion of rental expense

      2,211       1,950       2,584       3,548       4,551  
                                        

Fixed charges

    $ 12,542     $ 12,415     $ 13,263     $ 13,433     $ 10,743  
                                        

Deficiency of earnings to fixed charges

    $ (125,156 )   $ (53,316 )   $ (59,011 )   $ (93,666 )   $ (81,870 )
                                        

Ratio of earnings to fixed charges

      N/A       N/A       N/A       N/A       N/A  

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividend Requirements

 

     Year Ended December 31,  
     2007     2006     2005     2004     2003  

Earnings, as defined (from above)

    $ (112,614 )   $ (40,901 )   $ (45,748 )   $ (80,233 )   $ (71,127 )

Preferred stock dividend requirements

      —         —         4       100       230  
                                        

Earnings, as defined

    $ (112,614 )   $ (40,901 )   $ (45,744 )   $ (80,133 )   $ (70,897 )
                                        

Fixed charges (from above)

    $ 12,542     $ 12,415     $ 13,263     $ 13,433     $ 10,743  

Preferred stock dividend requirements

      —         —         4       100       230  
                                        

Combined fixed charges and preferred stock dividend requirements

    $ 12,542     $ 12,415     $ 13,267     $ 13,533     $ 10,973  
                                        

Deficiency of earnings to combined fixed charges and preferred stock dividend requirements

    $ (125,156 )   $ (53,316 )   $ (59,011 )   $ (93,666 )   $ (81,870 )
                                        

Ratio of earnings to combined fixed charges and preferred stock dividend requirements

      N/A       N/A       N/A       N/A       N/A  

For the purpose of calculating the ratio of earnings to fixed charges, earnings are defined as consolidated income from continuing operations before income taxes plus fixed charges. Fixed charges are the sum of interest of all indebtedness, including amortization of debt issuance costs, and estimated interest within rental expense. The ratio of earnings to combined fixed charges and preferred stock dividend requirements includes the tax adjusted deemed dividend to preferred stockholders.