Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fiscal Year Ended December 31, | |||||||||||||
| 2009 |
| 2010 |
| 2011 |
| 2012 |
| 2013 | |||||
Income (loss) before provision for (benefit from) income taxes | $ | (4,977) |
| $ | (12,023) |
| $ | (2,613) |
| $ | (3,446) |
| $ | 31,471 |
Fixed charges |
| 180 |
|
| 168 |
|
| 214 |
|
| 33 |
|
| 41 |
Total earnings (loss) for computation of ratio | $ | (4,797) |
| $ | (11,855) |
| $ | (2,399) |
| $ | (3,413) |
| $ | 31,512 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest attributable to rentals (a) | $ | 180 |
| $ | 168 |
| $ | 214 |
| $ | 33 |
| $ | 41 |
Total fixed charges | $ | 180 |
| $ | 168 |
| $ | 214 |
| $ | 33 |
| $ | 41 |
Ratio of earnings to fixed charges (b) |
| — |
|
| — |
|
| — |
|
| — |
|
| 769 to 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) | Interest attributable to rentals reflects our estimate of interest within total rental expense. Fixed charges excludes any interest on uncertain tax positions. |
(b) | Due to our losses in the years ended December 31, 2009 through 2012, the ratio coverage was less than 1:1. Earnings of approximately $0.2 million in each of the years 2009 through 2011 and less than $0.1 million in 2012 would have been required to achieve a ratio of 1:1. |