EX-12.1 5 ex12-1.htm

Unassociated Document

Exhibit 12.1

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

		Nine Months Ended September 30,				Twelve Months Ended December 31,								Five Months Ended December 31,				Twelve Months Ended  July 31,
(In thousands)		2012				2011				2010				2009				2009				2008				2007
Earnings
Pre-tax (loss) from continuing operations		$	(2,203	)			(577	)			(1,145	)			(1,432	)			(9,845	)			(12,687	)			12,342
Fixed charges			987				234				195				173				430				466				267
Total Earnings as defined			(1,216	)			(343	)			(950	)			(1,259	)			(9,415	)			(12,221	)			12,609
Fixed Charges
Interest whether expensed or capitalized			879				142				66				19				53				89				66
Amortization of premiums of discounts			21				49				-				-				-				-				-
Amortization of captalized expenses related to indebtedness			45				-				-				-				-				-				-
Estimated interest component of rental expense			42				43				129				154				377				377				201
Total Fixed Charges as defined		$	987			$	234			$	195			$	173			$	430			$	466			$	267
Coverage Deficiency		$	2,203			$	577			$	1,145			$	1,432			$	9,845			$	12,687				N/A
Ratio of Earnings to Fixed Charges			N/A				N/A				N/A				N/A				N/A				N/A				47.22	x
The interest portion of rent expense was calculated as 10% of rent expense, which is an estimate of the company's incremental borrowing rate.