Exhibit 12.1
(dollars in thousands)
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Year Ended December 31, |
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Six Months |
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2003 |
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2004 |
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2005 |
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2006 |
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2007 |
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2007 |
|
2008 |
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Ratio of Earnings to Fixed charges |
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Earnings |
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Net Loss from continuing operations |
|
$ |
(11,548 |
) |
$ |
(4,540 |
) |
$ |
(22,347 |
) |
$ |
(94,884 |
) |
$ |
(41,091 |
) |
$ |
(31,227 |
) |
$ |
(10,372 |
) |
|
Fixed Charges |
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Interest expense on Indebtedness |
|
76 |
|
723 |
|
4,962 |
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4,348 |
|
3,844 |
|
1,884 |
|
1,617 |
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Amortization of Borrowing Expenses |
|
— |
|
52 |
|
620 |
|
417 |
|
344 |
|
172 |
|
172 |
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Portion of Rental Expense under operating leases deemed to be representative of the interest factor |
|
652 |
|
644 |
|
1,333 |
|
3,833 |
|
3,867 |
|
2,467 |
|
1,967 |
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Net Fixed Charges |
|
728 |
|
1,419 |
|
6,915 |
|
8,598 |
|
8,055 |
|
4,523 |
|
3,756 |
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Earnings plus fixed charges |
|
$ |
(10,820 |
) |
$ |
(3,121 |
) |
$ |
(15,432 |
) |
$ |
(86,286 |
) |
$ |
(33,036 |
) |
$ |
(26,704 |
) |
$ |
(6,616 |
) |
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Ratio of Earnings to Fixed charges |
|
NA |
|
NA |
|
NA |
|
NA |
|
NA |
|
NA |
|
NA |
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Deficiency of earnings to fixed charges |
|
$ |
11,548 |
|
$ |
4,540 |
|
$ |
22,347 |
|
$ |
94,884 |
|
$ |
41,091 |
|
$ |
31,227 |
|
$ |
10,372 |
|