. . . Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges Amounts in thousands Quarters ending Year ending Year Ending 12/31, ----------------------- ------------ 12/21/2004 1/1/2004 ------------------------------- 3/31/2006 3/31/2005 12/31/2005 12/31/2004 12/20/2004 2003 2002 2001 ---------- ---------- ------------ ------------ ------------ --------- --------- --------- Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges Earnings: Add: Pre-tax income/loss from continuing operations before adjustment for minority interest or income/loss from equity investees $(1,723) $(3,880) $(31,446) $(6,405) $(14,870) $(6,121) $(6,213) $(1,176) Fixed charges 2,678 5,006 15,844 2,016 10,014 6,931 1,775 952 Amortization of capitalized interest 472 139 953 -- 344 67 -- -- ------- ------- -------- ------- -------- ------- ------- ------- 1,427 1,265 (14,649) (4,389) (4,512) 877 (4,438) (224) Less: Interest capitalized 1,062 1,650 5,495 350 1,568 1,381 574 359 Minority interest in pre-tax loss of subsidiaries that have not incurred fixed charges (23) -- (7) -- -- -- -- -- ------- ------- -------- ------- -------- ------- ------- ------- 1,039 1,650 5,488 350 1,568 1,381 574 359 ------- ------- -------- ------- -------- ------- ------- ------- Total Earnings $ 388 $ (385) $(20,137) $(4,739) $ (6,080) $ (504) $(5,012) $ (583) ======= ======= ======== ======= ======== ======= ======= ======= Fixed Charges: Interest expensed $ 1,862 $ 1,056 $ 6,728 $ 280 $ 6,748 $ 4,413 $ 217 $ 366 Interest capitalized 1,062 1,650 5,495 350 1,568 1,381 574 359 Amortized capitalized expense related to indebtedness (246) 2,300 3,621 1,386 1,698 1,137 984 227 ------- ------- -------- ------- -------- ------- ------- ------- Total Fixed Charges $ 2,678 $ 5,006 $ 15,844 $ 2,016 $ 10,014 $ 6,931 $ 1,775 $ 952 ======= ======= ======== ======= ======== ======= ======= ======= Preferred Stock Dividends -- -- -- -- -- -- -- -- Ratio of earnings to fixed charges 0.15 (0.08) (1.27) (2.35) (0.61) (0.07) (2.82) (0.61) Fixed charges in excess of earnings $ 2,290 $ 5,391 $ 35,981 $ 6,755 $ 16,094 $ 7,435 $ 6,787 $ 1,535