EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(1)
Our earnings are inadequate to cover fixed charges. The following table sets forth the dollar amount of the coverage deficiency (in thousands).
| | Year Ended December 31, | Three Months Ended March 31, 2012 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (In Thousands) | 2007 | 2008 | 2009 | 2010 | 2011 | ||||||||||||||
Earnings: | |||||||||||||||||||
Income (loss) before income taxes | $ | (36,697 | ) | $ | (62,021 | ) | $ | (70,184 | ) | $ | (111,377 | ) | $ | (96,853 | ) | $ | (18,739 | ) | |
Add: Fixed charges | 257 | 315 | 331 | 331 | 452 | 82 | |||||||||||||
Less: Capitalized interest | — | — | — | — | — | — | |||||||||||||
Coverage Deficiency | $ | (36,440 | ) | $ | (61,706 | ) | $ | (69,853 | ) | $ | (111,046 | ) | $ | (96,401 | ) | $ | (18,657 | ) | |
Fixed Charges: | |||||||||||||||||||
Interest expensed | $ | — | $ | — | $ | — | $ | — | $ | 124 | $ | — | |||||||
Estimated interest portion of rent expense | 257 | 315 | 331 | 331 | 328 | 82 | |||||||||||||
Fixed charges | $ | 257 | $ | 315 | $ | 331 | $ | 331 | $ | 452 | $ | 82 | |||||||
Ratio of earnings to fixed charges(1) | N/A | N/A | N/A | N/A | N/A | N/A | |||||||||||||
