Exhibit 12.1
Statement Regarding the Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
| | | | | | | | | | | | | | | | | | | | | |
| | | Year Ended | | | Year ended | | | Year ended | | | Year ended | | | Year Ended | |
| | | 9/30/09 | | | 9/30/08 | | | 9/30/07 | | | 9/30/06 | | | 9/30/05 | |
| Pre-tax Loss from Continuing Operations | | $ | 3,101 | | | $ | (56,960 | ) | | $ | (94,867 | ) | | $ | (39,912 | ) | | $ | (14,879 | ) |
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| Fixed Charges: | | | | | | | | | | | | | | | | | | | | |
| Interest expense | | | 11,050 | | | | 5,442 | | | | 2,430 | | | | 2,402 | | | | 2,875 | |
| Capitalized interest expense | | | 1,863 | | | | 596 | | | | 698 | | | | 30 | | | | — | |
| Amortization of discounts and issuance costs related to indebtedness (included in interest expense) | | | — | | | | — | | | | — | | | | — | | | | — | |
| Rental expenses representative of an interest factor | | | 82 | | | | 87 | | | | 67 | | | | 40 | | | | 16 | |
| | | | | | | | | | | | | | | | |
| Total Fixed Charges | | | 12,995 | | | | 6,125 | | | | 3,195 | | | | 2,472 | | | | 2,891 | |
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| Earnings: | | | | | | | | | | | | | | | | | | | | |
| Pre-tax loss from continuing operations plus fixed charges | | $ | 16,096 | | | $ | (50,835 | ) | | $ | (91,672 | ) | | $ | (37,440 | ) | | $ | (11,988 | ) |
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| | | | | | | | | | | | | | | | | | | | | |
| Ratio of Earnings to Fixed Charges | | | 1.2 | | | nm | | nm | | nm | | nm |
Due to losses incurred for the years ended September 30, 2008, 2007, 2006 and 2005, we would have had to generate additional earnings of $57.0 million, $94.9 million, $39.9 million and $14.9 million, respectively, to achieve a coverage ratio of 1:1.
