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EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
| Year Ended December 31, | | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nine Months Ended September 30, 2007 | ||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | ||||||||||||||
(in thousands) | | | | | | | |||||||||||||
Earnings: | |||||||||||||||||||
Loss before income taxes | $ | (79,227 | ) | $ | (70,583 | ) | $ | (102,654 | ) | $ | (143,164 | ) | $ | (166,044 | ) | $ | (126,939 | ) | |
Add: Fixed charges | 2,325 | 2,032 | 1,855 | 1,818 | 1,881 | 1,379 | |||||||||||||
Total Earnings | $ | (76,902 | ) | $ | (68,551 | ) | $ | (100,799 | ) | $ | (141,346 | ) | $ | (164,163 | ) | $ | (125,560 | ) | |
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 913 | $ | 920 | $ | 575 | $ | 309 | $ | 193 | $ | 72 | |||||||
Estimated interest component of rent expense | 1,412 | 1,112 | 1,280 | 1,509 | 1,688 | 1,307 | |||||||||||||
Total fixed charges | $ | 2,325 | $ | 2,032 | $ | 1,855 | $ | 1,818 | $ | 1,881 | $ | 1,379 | |||||||
Ratio of earnings to fixed charges | Note 1 | Note 1 | Note 1 | Note 1 | Note 1 | Note 1 |
Note 1: Earnings for 2002, 2003, 2004, 2005, 2006 and the nine months ended September 30, 2007 were insufficient to cover fixed charges by $79.2 million, $70.6 million, $102.7 million, $143.2 million, $166.0 million and $126.9 million, respectively.
Statement of Computation of Ratio of Earnings to Fixed Charges (Unaudited)