EX-12.1 7 a2210102zex-12_1.htm EX-12.1

EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(1)

        Our earnings are inadequate to cover fixed charges. The following table sets forth the dollar amount of the coverage deficiency (in thousands).

 
   Year Ended December 31,   Three Months
Ended
March 31,
2012 		 
(In Thousands)
   2007   2008   2009   2010   2011  

Earnings:

                                      

Income (loss) before income taxes

   $ (36,697 ) $ (62,021 ) $ (70,184 ) $ (111,377 ) $ (96,853 ) $ (18,739 )

Add: Fixed charges

     257     315     331     331     452     82  

Less: Capitalized interest

     —     —     —     —     —     —  
                           

Coverage Deficiency

   $ (36,440 ) $ (61,706 ) $ (69,853 ) $ (111,046 ) $ (96,401 ) $ (18,657 )
                           

Fixed Charges:

                                      

Interest expensed

   $ —   $ —   $ —   $ —   $ 124   $ —  

Estimated interest portion of rent expense

     257     315     331     331     328     82  
                           

Fixed charges

   $ 257   $ 315   $ 331   $ 331   $ 452   $ 82  
                           

Ratio of earnings to fixed charges(1)

     N/A     N/A     N/A     N/A     N/A     N/A  
(1)
The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges. For this purpose, earnings consist of net loss before fixed charges. Fixed charges consist of estimated interest expense on outstanding lease liabilities and amortization of debt discount and accrual of interest on outstanding debt.