EXHIBIT 12.1
STATEMENT OF COMPUTATION OF RATIOS
Set forth below is information concerning the computation of our ratio of
earnings to fixed charges on a consolidated basis for the periods indicated
appearing in this Quarterly Report on From 10-Q. This ratio shows the extent to
which our business generates enough earnings after the payment of all expenses
other than interest to make the required interest payments on our 3.0%
Convertible Senior Subordinated Notes due 2024.
The ratio of earnings to fixed charges is computed by dividing earnings by
fixed charges. For purposes of computing the ratios of earnings to fixed
charges, "earnings" consist of net income or loss plus provision (benefit) for
income taxes and fixed charges. "Fixed charges" consist of interest expense plus
the portion of operating rental expense management believes represents the
interest component of rent expense (estimated at 5%).
YEAR ENDED DECEMBER 31, NINE MONTHS
---------------------------------------------------- ENDED SEPT 30,
2001 2002 2003 2004 2005 2006
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(In thousands, except for ratios)
Fixed Charges:
Interest expense ............................ $ 1,976 $ 2,965 $ 213 $ 301 $ 4,203 $ 3,231
Portion of rental expense deemed to
represent interest ........................ 166 185 195 209 207 132
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Total fixed charges ......................... $ 2,142 $ 3,150 $ 408 $ 510 $ 4,410 $ 3,363
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Earnings:
Net income (loss) ........................... $(35,228) $ 5,403 $63,248 $(207,358) $(64,308) $(20,802)
Provision (benefit) for income taxes ........ 994 2,176 (42,207) 59,092 (1,488) 748
Fixed charges ............................... 2,142 3,150 408 510 4,410 3,363
-------- ------- ------- --------- -------- --------
Total earnings (loss) for computation of
ratio ....................................... $(32,092) $10,729 $21,449 $(147,756) $(61,386) $(16,691)
======== ======= ======= ========= ======== ========
Ratio of earnings to fixed charges(1) ......... -- 3.4 52.6 -- -- --
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(1) The pretax net loss for the years ended December 31, 2001, 2004 and 2005,
and the nine months ended September 30, 2006, was not sufficient to cover
fixed charges by approximately $34.2 million, $148.3 million, $65.8
million and $20.1 million, respectively. As a result, the ratio of
earnings to fixed charges has not been computed for these periods.