Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
For the Year Ended December 31, | Nine-Months Ended September 30, | |||||||||||||||||||||||||||
2003 | 2004 | 2005 | 2006 | 2007 | 2007 | 2008 | ||||||||||||||||||||||
Earnings (loss)- | ||||||||||||||||||||||||||||
Loss before income taxes | $ | (29,388 | ) | $ | (93,479 | ) | $ | (88,628 | ) | $ | (78,298 | ) | $ | (29,469 | ) | $ | (15,182 | ) | $ | (53,229 | ) | |||||||
Add fixed Charges: | ||||||||||||||||||||||||||||
Interest expense on indebtedness | $ | 990 | $ | 4,480 | $ | 6,556 | $ | 10,256 | $ | 18,581 | 12,317 | 13,780 | ||||||||||||||||
Estimated interest on rental expense | 300 | 1,611 | 1,948 | 1,959 | 1,733 | 1,341 | 1,300 | |||||||||||||||||||||
Amortization of deferred closing costs related to convertible notes | 156 | 521 | 816 | 827 | 1,324 | 936 | 1,166 | |||||||||||||||||||||
Amortization of discount on convertible notes | 271 | — | — | — | 7,649 | 5,017 | 9,317 | |||||||||||||||||||||
Total Adjusted Loss | $ | (27,621 | ) | $ | (86,867 | ) | $ | (79,273 | ) | $ | (65,256 | ) | $ | (182 | ) | $ | 4,429 | $ | (27,666 | ) | ||||||||
Fixed Charges- | ||||||||||||||||||||||||||||
Interest expense on indebtedness | $ | 990 | $ | 4,480 | $ | 6,556 | $ | 10,256 | $ | 28,205 | 12,317 | 13,780 | ||||||||||||||||
Estimated interest on rental expense | 300 | 1,611 | 1,948 | 1,959 | 1,733 | 1,341 | 1,300 | |||||||||||||||||||||
Amortization of deferred closing costs related to convertible notes | 156 | 521 | 816 | 827 | 1,324 | 936 | 1,166 | |||||||||||||||||||||
Amortization of discount on convertible notes | 271 | — | — | — | 7,649 | 5,012 | 9,317 | |||||||||||||||||||||
Total Fixed Charges | $ | 1,717 | $ | 6,612 | $ | 9,320 | $ | 13,042 | $ | 29,287 | $ | 19,611 | $ | 25,563 | ||||||||||||||
Coverage deficiency | $ | (29,388 | ) | $ | (93,479 | ) | $ | (88,628 | ) | $ | (78,298 | ) | $ | (29,469 | ) | $ | (15,182 | ) | $ | (53,229 | ) | |||||||
Ratio of earnings to fixed charges |