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Content analysis
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H.S. freshman Avg
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EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| Year Ended December 31, |
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|
| 2005 |
| 2004 |
| 2003 |
| 2002 |
| 2001 |
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| (in thousands) |
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Earnings: |
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|
|
|
|
|
|
|
|
|
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Loss before income tax expense |
| $ | (206,955 | ) | $ | (187,478 | ) | $ | (196,345 | ) | $ | (208,898 | ) | $ | (60,856 | ) | |
Add: | Fixed charges |
| 22,796 |
| 15,952 |
| 15,447 |
| 13,556 |
| 4,678 |
| |||||
| Amortization of capitalized interest |
| 162 |
| 163 |
| 99 |
| 1 |
| — |
| |||||
Less: | Capitalized interest |
| (1,070 | ) | (1,687 | ) | (2,470 | ) | (1,924 | ) | — |
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|
| $ | (185,067 | ) | $ | (173,050 | ) | $ | (183,269 | ) | $ | (197,265 | ) | $ | (56,178 | ) | |
Fixed charges: |
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|
|
|
|
|
|
|
|
|
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Interest expense |
| $ | 15,205 |
| $ | 7,233 |
| $ | 5,784 |
| $ | 4,830 |
| $ | 259 |
| |
Capitalized interest |
| 1,070 |
| 1,687 |
| 2,470 |
| 1,924 |
| — |
| ||||||
Estimated interest portion of rental expense |
| 6,521 |
| 7,032 |
| 7,193 |
| 6,802 |
| 4,419 |
| ||||||
|
| $ | 22,796 |
| $ | 15,952 |
| $ | 15,447 |
| $ | 13,556 |
| $ | 4,678 |
| |
Deficiency of earnings to fixed charges |
| $ | (207,863 | ) | $ | (189,002 | ) | $ | (198,716 | ) | $ | (210,821 | ) | $ | (60,856 | ) | |
Ratio of earnings to fixed charges |
| — |
| — |
| — |
| — |
| — |
|