Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
| For the years ended December 31, | |||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 (A) | |||||||||||||||
| Income (loss) before taxes and discontinued operations | $ | (37,123 | ) | $ | (12,661 | ) | $ | (854 | ) | $ | (3,232 | ) | $ | (77,557 | ) | ||||
| Fixed charges: | |||||||||||||||||||
Interest expense (B) | 1,722 | 1,870 | 2,035 | 2,373 | 4,871 | ||||||||||||||
| Rentals: | |||||||||||||||||||
Buildings, net of sublease income – 6.0% (C) | 324 | 288 | 494 | 311 | 323 | ||||||||||||||
| Total fixed charges | 2,046 | 2,158 | 2,529 | 2,684 | 5,194 | ||||||||||||||
| Income (loss) before taxes and discontinued operations, plus fixed charges | (35,077 | ) | (10,503 | ) | 1,675 | (548 | ) | (72,363 | ) | ||||||||||
Ratio of earnings to fixed charges (D) | — | — | — | — | — | ||||||||||||||
| Deficit | $ | (37,123 | ) | $ | (12,661 | ) | $ | (854 | ) | $ | (3,232 | ) | $ | (77,557 | ) | ||||
| A | As adjusted due to the implementation of the cash conversion subsections of ASC Topic 470-20 “Debt with Conversion and Other Options—Cash Conversion.” See Note 1 “Significant Accounting Policies” to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2009. |
| B | Amortization of the discount on the Company’s outstanding convertible subordinated notes is included in Interest expense. |
| C | Management believes that 6% is a reasonable approximation of the interest factor on rentals. Building and office rental fees that were included in restructuring charges were excluded from fixed charges. |
| D | The earnings to fixed charges ratio was less than 1:1 due to the losses reported for the years ended December 31, 2012, 2011, 2010, 2009, and 2008. |