QuickLinks -- Click here to rapidly navigate through this document
Statement Regarding the Computation of
Ratio of Earnings to Fixed Charges
| For the Year Ended December 31, | For the Six Months Ended June 30, | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2005 | 2006 | 2007 | 2008 | 2009 | 2009 | 2010 | |||||||||||||||||
Earnings Before Fixed Charges: | ||||||||||||||||||||||||
Income (loss) before income taxes | 1,507,245 | 3,836,346 | 7,377,687 | (2,018,843 | ) | 738,056 | (7,188,086 | ) | (33,137,122 | ) | ||||||||||||||
Add fixed charges | 1,008,161 | 5,714,414 | 17,207,944 | 33,680,606 | 25,159,653 | 11,710,691 | 12,523,625 | |||||||||||||||||
Income (loss) before fixed charges | 2,515,406 | 9,550,760 | 24,585,631 | 31,661,763 | 25,897,709 | 4,522,605 | (20,613,497 | ) | ||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense, net | 550,796 | 3,751,673 | 10,744,547 | 22,383,705 | 18,613,301 | 8,935,849 | 10,009,303 | |||||||||||||||||
Estimate of interest expense within rental expense | 457,365 | 1,962,741 | 6,463,397 | 11,296,901 | 6,546,351 | 2,774,842 | 2,514,322 | |||||||||||||||||
Total fixed charges | 1,008,161 | 5,714,414 | 17,207,944 | 33,680,606 | 25,159,653 | 11,710,691 | 12,523,625 | |||||||||||||||||
Deficiency of earnings available to cover fixed charges | — | — | — | (2,018,843 | ) | — | (7,188,086 | ) | (33,137,122 | ) | ||||||||||||||
Ratio of earnings to fixed charges | 2.50 | 1.67 | 1.43 | — | 1.03 | — | — | |||||||||||||||||