Exhibit 12.1
Computation of Earnings to Fixed Charges Ratio
Years Ended December 31, | ||||||||||||||||||||
2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||
Net loss | ||||||||||||||||||||
Net loss before income taxes | $ | (26,576 | ) | $ | (8,305 | ) | $ | (15,191 | ) | $ | (16,154 | ) | $ | (15,091 | ) | |||||
Fixed charges | 668 | 4,356 | 5,586 | 5,061 | 847 | |||||||||||||||
Total | (25,908 | ) | (3,949 | ) | (9,605 | ) | (11,093 | ) | (14,244 | ) | ||||||||||
Fixed Charges | ||||||||||||||||||||
Interest expense on indebtedness and amortization of deferred financing costs | $ | 199 | $ | 4,013 | $ | 5,311 | $ | 4,784 | $ | 565 | ||||||||||
Interest component of rentals (1) | 469 | 343 | 275 | 277 | 282 | |||||||||||||||
Total | 668 | 4,356 | 5,586 | 5,061 | 847 | |||||||||||||||
Deficiency of earnings available to cover fixed charges | $ | (26,576 | ) | $ | (8,305 | ) | $ | (15,191 | ) | $ | (16,154 | ) | $ | (15,091 | ) | |||||
(1) | Represents the estimated portion of operating lease rental expense that is considered by us to be representative of interest. |
111