Exhibit 12.1
(dollars in thousands)
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Year Ended December 31, |
|
Nine Months ended |
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2003 |
|
2004 |
|
2005 |
|
2006 |
|
2007 |
|
2007 |
|
2008 |
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|
(Restated) |
|
(Restated) |
|
(Restated) |
|
(Restated) |
|
(Restated) |
|
(Restated) |
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|
Ratio of Earnings to Fixed charges |
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Earnings |
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Net Loss from continuing operations |
|
$ |
(11,981 |
) |
$ |
(4,414 |
) |
$ |
(22,641 |
) |
$ |
(99,880 |
) |
$ |
(44,112 |
) |
$ |
(37,642 |
) |
$ |
(13,672 |
) |
|
Fixed Charges |
|
|
|
|
|
|
|
|
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Interest expense on Indebtedness |
|
76 |
|
723 |
|
4,962 |
|
4,348 |
|
3,844 |
|
2,827 |
|
2,379 |
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Amortization of Borrowing Expenses |
|
— |
|
52 |
|
620 |
|
417 |
|
344 |
|
258 |
|
257 |
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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 |
|
3,467 |
|
2,500 |
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Net Fixed Charges |
|
728 |
|
1,419 |
|
6,915 |
|
8,598 |
|
8,055 |
|
6,552 |
|
5,316 |
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Earnings plus fixed charges |
|
$ |
(11,253 |
) |
$ |
(2,995 |
) |
$ |
(15,726 |
) |
$ |
(91,282 |
) |
$ |
(36,057 |
) |
$ |
(31,090 |
) |
$ |
(8,536 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
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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 |
|
$ |
11,981 |
|
$ |
4,414 |
|
$ |
22,641 |
|
$ |
99,880 |
|
$ |
44,112 |
|
$ |
37,642 |
|
$ |
13,672 |
|