Exhibit 12.1
Statement Regarding Computation of Ratio of Earnings to Fixed Charges | |||||||||||||||
(in thousands) | |||||||||||||||
Year Ended December 31, | |||||||||||||||
2003 | 2004 | 2005 | 2006 | 2007 | |||||||||||
Earnings (loss) | (Restated) | ||||||||||||||
Pre-tax loss | $ | (172,925) | $ | (166,618) | $ | (169,778) | $ | (112,668) | $ | (3,502) | |||||
Total fixed charges | $ | 4,134 | $ | 8,297 | $ | 25,937 | $ | 29,627 | $ | 41,932 | |||||
Total income (loss) before fixed charges | $ | (168,791) | $ | (158,321) | $ | (143,841) | $ | (83,041) | $ | 38,430 | |||||
Fixed Charges | |||||||||||||||
Interest expenses | $ | 3,718 | $ | 7,527 | $ | 25,119 | $ | 28,970 | $ | 41,397 | |||||
Assumed interest attributable to rentals | $ | 416 | $ | 770 | $ | 818 | $ | 664 | $ | 535 | |||||
Total fixed charges | $ | 4,134 | $ | 8,297 | $ | 25,937 | $ | 29,634 | $ | 41,932 | |||||
Deficiency of earnings available to cover fixed charges | $ | 172,925 | $ | 166,618 | $ | 169,778 | $ | 112,675 | $ | 3,502 | |||||
Ratio of earnings available to cover fixed charges | n/a | n/a | n/a | n/a | n/a |