Exhibit 12
Ratio of Earnings to Fixed Charges
| Year Ended December 31, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||
| (In thousands) | |||||||||||||||
Fixed charges: | ||||||||||||||||
Interest expense | $ | 4,249 | $ | 3,967 | $ | 11,608 | $ | 16,518 | $ | 12,844 | ||||||
Interest expense charged against gain on bond repurchases and exchanges | — | 5,527 | — | — | — | |||||||||||
Interest expense included in rent expense | 471 | 402 | 446 | 438 | 374 | |||||||||||
Total fixed charges | $ | 4,720 | $ | 9,896 | $ | 12,054 | $ | 16,956 | $ | 13,218 | ||||||
Earnings: | ||||||||||||||||
Loss (income) from continuing operations | $ | (19,397 | ) | $ | (10,938 | ) | $ | (56,501 | ) | $ | (140,919 | ) | $ | (62,292 | ) | |
Fixed charges | 4,720 | 9,896 | 12,054 | 16,956 | 13,218 | |||||||||||
Total Earnings | $ | (14,677 | ) | $ | (1,402 | ) | $ | (44,447 | ) | $ | (123,963 | ) | $ | (49,074 | ) | |
Ratio | (3.1 | ) | (0.1 | ) | (3.7 | ) | (7.3 | ) | (3.7 | ) | ||||||
Excess (Deficiency) of Earnings | $ | (19,397 | ) | $ | (10,938 | ) | $ | (56,501 | ) | $ | (140,919 | ) | $ | (62,292 | ) | |