Exhibit 12.1
Calculation of Ratios of Earnings of Fixed Charges
The following table sets forth, for each of the periods presented, the historical ratio of earnings to fixed charges. The historical ratios are prepared on a consolidated basis.
The ratio of earnings to fixed charges for each of the periods presented is determined by dividing earnings by fixed charges. Earnings consist of income (loss) from operations before income taxes and fixed charges. Fixed charges consist of interest incurred, amortization of debt discount and debt issuance costs, and an estimate of the interest portion of rent expense.
| Successor | Successor | Successor | Successor | Combined | Successor | Predecessor | Predecessor | ||||||||||||||||||||||||||
| Nine Months Ended September 30, 2009 |
Year Ended December 31, 2008 |
Year Ended December 31, 2007 |
Year Ended December 31, 2006 |
Year Ended December 31, 2005 |
March 18, 2005 to Dec 31, 2005 |
January 1, 2005 to March 17, 2005 |
Year Ended December 31, 2004 | ||||||||||||||||||||||||||
| (dollars in thousands) | |||||||||||||||||||||||||||||||||
| Earnings |
|||||||||||||||||||||||||||||||||
| Income (loss) before income taxes |
$ | (11,739 | ) | $ | (28,820 | ) | $ | (19,612 | ) | $ | (25,546 | ) | $ | (17,091 | ) | $ | (15,904 | ) | $ | (1,187 | ) | $ | 605 | ||||||||||
| Add: Fixed charges per below |
3,456 | 2,861 | 1,443 | 2,621 | 2,469 | 2,353 | 116 | 435 | |||||||||||||||||||||||||
| Earnings |
(8,283 | ) | (25,959 | ) | (18,169 | ) | (22,925 | ) | (14,622 | ) | (13,551 | ) | (1,071 | ) | 1,040 | ||||||||||||||||||
| Fixed Charges |
|||||||||||||||||||||||||||||||||
| Interest expense |
2,313 | 1,495 | 719 | 856 | 606 | 490 | 116 | 312 | |||||||||||||||||||||||||
| Amortization of debt discount and debt issuance costs |
444 | 380 | 149 | 1,272 | 1,452 | 1,452 | | | |||||||||||||||||||||||||
| Estimate of interest portion of rent expense |
699 | 986 | 575 | 493 | 411 | 411 | | 123 | |||||||||||||||||||||||||
| Fixed Charges |
3,456 | 2,861 | 1,443 | 2,621 | 2,469 | 2,353 | 116 | 435 | |||||||||||||||||||||||||
| Ratio of earnings to fixed charges |
* | * | * | * | * | * | * | 2.39 | |||||||||||||||||||||||||
| Coverage deficiency |
$ | (11,739 | ) | $ | (28,820 | ) | $ | (19,612 | ) | $ | (25,546 | ) | $ | (17,091 | ) | $ | (15,904 | ) | $ | (1,187 | ) | $ | | ||||||||||
| * | The earnings were inadequate to cover total fixed charges. |