EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Year Ended December 31, | ||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Pretax loss from continuing operations | (128,815 | ) | (73,118 | ) | (92,924 | ) | (88,258 | ) | (60,962 | ) | ||||||||||
Add: | ||||||||||||||||||||
Fixed charges | 16,416 | 688 | 338 | 719 | 561 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Earnings | (112,399 | ) | (72,430 | ) | (92,586 | ) | (87,539 | ) | (60,401 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expensed | 16,357 | 630 | 278 | 661 | 475 | |||||||||||||||
Estimate of interest expense within rental expense | 59 | 58 | 60 | 58 | 86 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Fixed Charges | 16,416 | 688 | 338 | 719 | 561 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of Earnings to Fixed Charges | n/a | n/a | n/a | n/a | n/a | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Deficiency of Earnings Available to Cover Fixed Charges | (128,815 | ) | (73,118 | ) | (92,924 | ) | (88,258 | ) | (60,962 | ) |