Ratios of Earnings to Fixed Charges
Exhibit 12.1
($ in thousands) | For the nine months ended | ||||||||||||||||||||||||||
1999 | 2000 | 2001 | 2002 | 2003 | September 30, 2004 | September 30, 2003 | |||||||||||||||||||||
Net Income(loss) from continuing operations | $ | (16,649 | ) | $ | (68,509 | ) | $ | (472,789 | ) | $ | (17,681 | ) | $ | (6,337 | ) | $ | 1,685 | $ | (6,177 | ) | |||||||
Plus Fixed charges: | |||||||||||||||||||||||||||
Interest Expense | — | — | — | — | — | 679 | — | ||||||||||||||||||||
Debt Cost Amortization | — | — | — | — | — | 154 | — | ||||||||||||||||||||
Portion of rents representative of the interest factor | 193 | 312 | 371 | 313 | 366 | 331 | 265 | ||||||||||||||||||||
Total fixed charges (1) | $ | 193 | $ | 312 | $ | 371 | $ | 313 | $ | 366 | $ | 1,164 | $ | 265 | |||||||||||||
Adjusted earnings (2) | (16,456 | ) | (68,197 | ) | (472,418 | ) | (17,368 | ) | (5,971 | ) | 2,849 | (5,912 | ) | ||||||||||||||
Ratio (2 divided by 1) | — | — | — | — | — | 2.45 | — | ||||||||||||||||||||
Fixed Charges Deficiency | $ | 16,649 | $ | 68,509 | $ | 472,789 | $ | 17,681 | $ | 6,337 | $ | — | $ | 6,177 | |||||||||||||