Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
For the Year Ended December 31, | ||||||||||||||||||||
2003 | 2004 | 2005 | 2006 | 2007 | ||||||||||||||||
Earnings (loss)- | ||||||||||||||||||||
Loss before income taxes | $ | (29,789 | ) | $ | (93,271 | ) | $ | (88,593 | ) | $ | (78,298 | ) | $ | (29,469 | ) | |||||
Add fixed Charges: | ||||||||||||||||||||
Interest expense on indebtedness | $ | 990 | $ | 4,480 | $ | 6,556 | $ | 8,676 | $ | 10,562 | ||||||||||
Estimated interest on rental expense | 300 | 1,611 | 1,948 | 1,959 | 1,733 | |||||||||||||||
Amortization of deferred closing costs related to convertible notes | 156 | 521 | 816 | 827 | 1,324 | |||||||||||||||
Amortization of discount on convertible notes | 271 | — | — | — | 7,649 | |||||||||||||||
Total Adjusted Loss | $ | (28,072 | ) | $ | (86,659 | ) | $ | (79,273 | ) | $ | (66,836 | ) | $ | (8,201 | ) | |||||
Fixed Charges- | ||||||||||||||||||||
Interest expense on indebtedness | $ | 990 | $ | 4,480 | $ | 6,556 | $ | 8,676 | $ | 10,562 | ||||||||||
Estimated interest on rental expense | 300 | 1,611 | 1,948 | 1,959 | 1,733 | |||||||||||||||
Amortization of deferred closing costs related to convertible notes | 156 | 521 | 816 | 827 | 1,324 | |||||||||||||||
Amortization of discount on convertible notes | 271 | — | — | — | 7,649 | |||||||||||||||
Total Fixed Charges | $ | 1,717 | $ | 6,612 | $ | 9,320 | $ | 11,462 | $ | 21,268 | ||||||||||
Coverage deficiency | $ | (29,789 | ) | $ | (93,271 | ) | $ | (88,593 | ) | $ | (78,298 | ) | $ | (29,469 | ) | |||||