EXHIBIT 12.1
STATEMENT OF CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the purpose of calculating the ratio of earnings to fixed charges, “earnings” represent income before income taxes plus fixed charges. “Fixed charges” consist of (a) interest expensed and capitalized; (b) amortized premiums, discounts and capitalized expenses related to indebtedness; (c) an estimate of the interest within rental expenses; and (d) preference security dividend requirements of consolidated subsidiaries.
Year Ended | Quarter Ended | |||||||||||||||||||||||
(in thousands) | Dec 31, 2004 | Dec 30, 2005 | Dec 29, 2006 | Dec 28, 2007 | Jan 2, 2009 | April 3, 2009 | ||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Loss before Income Taxes And Minority Investment | $ | (10,246 | ) | (9,958 | ) | (13,507 | ) | (15,156 | ) | (21,672 | ) | (1,226 | ) | |||||||||||
Income/(Loss) from Equity Investee | (191 | ) | 158 | 114 | (280 | ) | — | — | ||||||||||||||||
Earnings Before Fixed Charges | (10,437 | ) | (9,800 | ) | (13,393 | ) | (15,436 | ) | (21,672 | ) | (1,226 | ) | ||||||||||||
Fixed Charges | ||||||||||||||||||||||||
Int. Exp (Inc. Amort. Of Debt Costs) | 215 | 170 | 261 | 486 | 901 | 233 | ||||||||||||||||||
Estimated Interest within Rental Expenses | 400 | 400 | 400 | 462 | 825 | 206 | ||||||||||||||||||
Total Fixed Charges | 615 | 570 | 661 | 948 | 1,726 | 439 | ||||||||||||||||||
Total Earnings | (9,822 | ) | (9,230 | ) | (12,732 | ) | (14,488 | ) | (19,946 | ) | (787 | ) | ||||||||||||
Fixed Charges | 615 | 570 | 661 | 948 | 1,726 | 439 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges(1) | — | — | — | — | — | — |
(1) | For the fiscal years ended December 31, 2004, December 30, 2005, December 29, 2006, December 28, 2007 and January 2, 2009, and the quarter ended April 3, 2009, our earnings were insufficient to cover fixed charges by $10.4 million, $9.8 million, $13.4 million, $15.4 million, $21.7 million and $1.2 million, respectively. |
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