Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
For the Year Ended December 31, | ||||||||||||||||||||
2004 | 2005 | 2006 | 2007 | 2008 | ||||||||||||||||
Earnings (loss)- | ||||||||||||||||||||
Loss before income taxes | $ | (93,479 | ) | $ | (88,628 | ) | $ | (78,298 | ) | $ | (29,469 | ) | $ | (64,335 | ) | |||||
Add fixed Charges: | ||||||||||||||||||||
Interest expense on indebtedness | $ | 4,480 | $ | 6,556 | $ | 10,256 | $ | 18,581 | $ | 17,686 | ||||||||||
Estimated interest on rental expense | 1,611 | 1,948 | 1,959 | 1,733 | 1,848 | |||||||||||||||
Amortization of deferred closing costs related to convertible notes | 521 | 816 | 827 | 1,324 | 1,416 | |||||||||||||||
Amortization of discount on convertible notes | — | — | — | 7,649 | 11,290 | |||||||||||||||
Total Adjusted Loss | $ | (86,867 | ) | $ | (79,308 | ) | $ | (65,256 | ) | $ | (182 | ) | $ | (32,095 | ) | |||||
Fixed Charges- | ||||||||||||||||||||
Interest expense on indebtedness | $ | 4,480 | $ | 6,556 | $ | 10,256 | $ | 18,581 | $ | 17,686 | ||||||||||
Estimated interest on rental expense | 1,611 | 1,948 | 1,959 | 1,733 | 1,848 | |||||||||||||||
Amortization of deferred closing costs related to convertible notes | 521 | 816 | 827 | 1,324 | 1,416 | |||||||||||||||
Amortization of discount on convertible notes | — | — | — | 7,649 | 11,290 | |||||||||||||||
Total Fixed Charges | $ | 6,612 | $ | 9,320 | $ | 13,042 | $ | 29,287 | $ | 32,240 | ||||||||||
Coverage deficiency | $ | (93,479 | ) | $ | (88,628 | ) | $ | (78,298 | ) | $ | (29,469 | ) | $ | (64,335 | ) | |||||