Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges (in thousands) | ||||||||||||||||||||||||
Six months ended June 30, | ||||||||||||||||||||||||
For the year ended December 31, | ||||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Earnings (loss): | ||||||||||||||||||||||||
Loss before income taxes | $ | (56,863 | ) | $ | (104,126 | ) | $ | (110,211 | ) | $ | (116,215 | ) | $ | (101,801 | ) | $ | (82,882 | ) | ||||||
Add: | ||||||||||||||||||||||||
Interest expense | 912 | 1,971 | 2,114 | 2,528 | 2,719 | 2,966 | ||||||||||||||||||
Estimated interest factor in rental expense | 486 | 784 | 1,459 | 1,673 | 1,729 | 1,720 | ||||||||||||||||||
Total loss | $ | (55,465 | ) | $ | (101,371 | ) | $ | (106,638 | ) | $ | (112,014 | ) | $ | (97,353 | ) | $ | (78,196 | ) | ||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 912 | $ | 1,971 | $ | 2,114 | $ | 2,528 | $ | 2,719 | $ | 2,966 | ||||||||||||
Estimated interest factor in rental expense | 486 | 784 | 1,459 | 1,673 | 1,729 | 1,720 | ||||||||||||||||||
Total fixed charges | $ | 1,398 | $ | 2,755 | $ | 3,573 | $ | 4,201 | $ | 4,448 | $ | 4,686 | ||||||||||||
Ratio of Earnings to Fixed Charges (1) | — | — | — | — | — | — |
(1) For the six months ended June 30, 2014, and the fiscal years ended December 31, 2013, 2012, 2011, 2010 and 2009, our earnings were insufficient to cover fixed charges by $56.9 million, $104.1 million, $110.2 million, $116.2 million, $101.8 million and $82.9 million, respectively.