Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
Fiscal Year Ended December 31, | |||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | |||||||||||||
Income (loss) before income taxes | $ | (30,670 | ) | $ | 9,115 | $ | 20,305 | $ | 14,730 | $ | (4,977 | ) | |||||
Fixed charges | 59 | 60 | 167 | 338 | 180 | ||||||||||||
Total earnings (loss) for computation of ratio | $ | (30,611 | ) | $ | 9,175 | $ | 20,472 | $ | 15,068 | $ | (4,797 | ) | |||||
Fixed Charges: | |||||||||||||||||
Interest attributable to rentalsa | $ | 59 | $ | 60 | $ | 167 | $ | 338 | $ | 180 | |||||||
Total fixed charges | $ | 59 | $ | 60 | $ | 167 | $ | 338 | $ | 180 | |||||||
Ratio of earnings to fixed chargesb | — | 153 | 123 | 45 | — |
a) | Interest attributable to rentals equals one-third of total rental expense. |
b) | Due to our losses in the years ended December 31, 2005 and 2009, the ratio coverage was less than 1:1. Additional earnings of less than $0.1 million in 2005 and $0.2 million in 2009 would have been required to achieve a ratio of 1:1. |