Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
| 2003 | 2002 | 2001 | 2000 | 1999 | ||||||||||||||||
Fixed charges: |
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Interest expense, including
amortization of debt expense |
$ | 18,324 | $ | 18,357 | $ | 18,859 | $ | 8,928 | $ | 2,145 | ||||||||||
Assumed interest element included
in rent expense |
1,995 | 3,168 | 4,752 | 3,135 | 198 | |||||||||||||||
Total fixed charges: |
20,319 | 21,525 | 23,611 | 12,063 | 2,343 | |||||||||||||||
Earnings (loss)
Pre-tax net loss |
(28,652 | ) | (203,945 | ) | (2,432,450 | ) | (885,598 | ) | (57,559 | ) | ||||||||||
Fixed charged per above |
20,319 | 21,525 | 23,611 | 12,063 | 2,343 | |||||||||||||||
Total earnings (loss) before
fixed charges |
(8,333 | ) | (182,420 | ) | (2,408,839 | ) | (873,535 | ) | (55,216 | ) | ||||||||||
Deficiency of earnings available
to cover fixed charges |
$ | (28,652 | ) | $ | (203,945 | ) | $ | (2,432,450 | ) | $ | (885,598 | ) | $ | (57,559 | ) | |||||