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Content analysis
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8th grade Good
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Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
For the Years Ended December 31, 2004, 2003 and 2002
(in thousands)
|
| For the Years Ended December 31, |
| |||||||
|
| 2004 |
| 2003 |
| 2002 |
| |||
Net loss before taxes |
| $ | (28,629 | ) | $ | (74,522 | ) | $ | (124,319 | ) |
Add: Fixed charges, net capitalized interest |
| 11,520 |
| 12,805 |
| 13,335 |
| |||
Earnings (loss) before fixed charges |
| (17,109 | ) | (61,717 | ) | (110,984 | ) | |||
Fixed charges: |
|
|
|
|
|
|
| |||
Interest expense including amortization of debt issuance costs |
| $ | 11,520 |
| $ | 12,805 |
| $ | 13,335 |
|
Capitalized interest |
| — |
| — |
| — |
| |||
Total fixed charges |
| 11,520 |
| 12,805 |
| 13,335 |
| |||
Ratio of earnings to fixed charges(1) |
| — |
| — |
| — |
|
(1) For the years ended December 31, 2004, 2003 and 2002, the Company had a deficiency of earnings compared to its fixed charges of $28,629, $74,522 and $124,319, respectively.