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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Good
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Exhibit 12.1
(in thousands)
|
| 2004 |
| 2003 |
| 2002 |
| 2001 |
| 2000 |
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Fixed Charges Computation: |
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Preferred stock dividend |
| $ | 1,512 |
| $ | 1,491 |
| $ | 2,344 |
| $ | 8,563 |
| $ | 14,382 |
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Interest expenses, including amortization of debt issuance costs, on convertible debt |
| 3,595 |
| 863 |
| — |
| — |
| — |
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Total fixed charges and preferred dividends |
| 5,107 |
| 2,354 |
| 2,344 |
| 8,563 |
| 14,382 |
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Earnings Computation: |
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Profit (loss) before equity in income of investee |
| 31,812 |
| 8,094 |
| (22,659 | ) | (16,417 | ) | (329,527 | ) | |||||
Add: |
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Fixed charges |
| 5,107 |
| 2,354 |
| 2,344 |
| 8,563 |
| 14,382 |
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Earnings as adjusted |
| $ | 36,919 |
| $ | 10,488 |
| $ | (20,315 | ) | $ | (7,854 | ) | $ | (315,145 | ) |
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Ratio of earnings to fixed charges |
| 10.3 | x | 12.1 | x | N/A |
| N/A |
| N/A |
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Ratio of earnings to fixed charges and preferred dividends |
| 7.2 | x | 4.4 | x | N/A |
| N/A |
| N/A |
|
For the years ended December 31, 2000, 2001 and 2002 earnings were not sufficient to cover fixed charges plus preferred dividends by approximately $329.5 million, $16.4 million and $22.7 million, respectively.