Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Year Ended December 31, | Nine-months ended 25-Sept-04 | Proforma Nine-months ended 25-Sept-04 | ||||||||||||||||||||||||||
1999 | 2000 | 2001 | 2002 | 2003 | ||||||||||||||||||||||||
Earnings (loss)- | ||||||||||||||||||||||||||||
Loss before income taxes | $ | (3,940 | ) | $ | (5,847 | ) | $ | (10,090 | ) | $ | (34,017 | ) | $ | (29,789 | ) | $ | (60,989 | ) | $ | (63,341 | ) | |||||||
Add fixed Charges: | ||||||||||||||||||||||||||||
Interest expense on indebtedness | $ | 867 | $ | 843 | $ | 692 | $ | 1,936 | $ | 990 | $ | 3,560 | $ | 5,617 | ||||||||||||||
Estimated interest on rental expense | 299 | 305 | 341 | 329 | 300 | 962 | 1,253 | |||||||||||||||||||||
Amortization of deferred closing costs | — | — | — | 294 | 156 | 317 | 612 | |||||||||||||||||||||
Amortization of discount on convertible notes | — | — | — | 511 | 271 | |||||||||||||||||||||||
Total Adjusted Loss | $ | (2,774 | ) | $ | (4,699 | ) | $ | (9,057 | ) | $ | (30,947 | ) | $ | (28,072 | ) | $ | (55,859 | ) | $ | (55,859 | ) | |||||||
Fixed Charges- | ||||||||||||||||||||||||||||
Interest expense on indebtedness | $ | 867 | $ | 843 | $ | 692 | $ | 1,936 | $ | 990 | $ | 3,560 | $ | 5,617 | ||||||||||||||
Estimated interest on rental expense | 299 | 305 | 341 | 329 | 300 | 1,253 | 1,253 | |||||||||||||||||||||
Amortization of deferred closing costs | — | — | — | 294 | 156 | 317 | 612 | |||||||||||||||||||||
Amortization of discount on convertible notes | — | — | — | 511 | 271 | |||||||||||||||||||||||
Total Fixed Charges | $ | 1,166 | $ | 1,148 | $ | 1,033 | $ | 3,070 | $ | 1,717 | $ | 5,130 | $ | 7,482 | ||||||||||||||
Coverage deficiency | $ | (3,940 | ) | $ | (5,847 | ) | $ | (10,090 | ) | $ | (34,017 | ) | $ | (29,789 | ) | $ | (60,989 | ) | $ | (63,341 | ) | |||||||