Exhibit 12.1
Statement of Computation of Ratios
Year Ended December 31, | Six Months Ended June 30, 2011 | |||||||||||||||||||||||
2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Net loss | $ | (75,396 | ) | $ | (53,456 | ) | $ | (97,515 | ) | $ | (9,872 | ) | $ | (15,403 | ) | $ | (5,065 | ) | ||||||
Add: Fixed charges | 3,227 | 2,526 | 1,958 | 2,335 | 1,288 | 1,441 | ||||||||||||||||||
Less: Capitalized interest | — | — | — | — | — | — | ||||||||||||||||||
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Deficiency in earnings available to cover fixed charges | $ | (72,169 | ) | $ | (50,930 | ) | $ | (95,557 | ) | $ | (7,537 | ) | $ | (14,115 | ) | $ | (3,624 | ) | ||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest expensed and capitalized | 2,427 | 735 | 202 | 270 | 58 | 1,093 | ||||||||||||||||||
Estimated interest component of rent expenses | 800 | 1,791 | 1,756 | 2,065 | 1,230 | 348 | ||||||||||||||||||
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Total fixed charges | 3,227 | 2,526 | 1,958 | 2,335 | 1,288 | 1,441 | ||||||||||||||||||
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Ratio of earnings to fixed charges(1) | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
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(1) | Earnings were insufficient to cover fixed charges by $75.4 million, $53.5 million, $97.5 million, $9.9 million, $15.4 million and $5.1 million for the years ended December 31, 2006, 2007, 2008, 2009 and 2010, and the six months ended June 30, 2011, respectively. |