EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year ended December 31, |
Three months ended March 31, |
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| 2001 |
2002 |
2002 |
2003 |
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| (in thousands, except ratios) | ||||||||||||||||
| Earnings is comprised of: |
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| Pretax loss from continuing operations, before adjustment for minority interests in consolidated subsidiaries |
$ | (16,258 | ) | $ | (28,590 | ) | $ | (12,687 | ) | $ | (4,323 | ) | ||||
| Fixed charges |
2,276 | 2,050 | 517 | 434 | ||||||||||||
| Minority interests in pretax loss from continuing operations of consolidated subsidiaries that have not incurred fixed charges |
— | — | — | 49 | ||||||||||||
| $ | (13,982 | ) | $ | (26,540 | ) | $ | (12,170 | ) | $ | (3,840 | ) | |||||
| Fixed charges are comprised of: |
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| Interest expensed |
$ | 81 | $ | 11 | $ | 7 | $ | — | ||||||||
| Estimated interest within rental expense(1) |
2,195 | 2,039 | 510 | 434 | ||||||||||||
| 2,276 | 2,050 | 517 | 434 | |||||||||||||
| Ratio of earnings to fixed charges |
(6.1):1.0 | (12.9):1.0 | (23.5):1.0 | (8.8):1.0 | ||||||||||||
| (1) | Estimated to be two-thirds of rental expense, excluding amounts accrued for rent included in restructuring charges. |