EXHIBIT 12.1
Ratios of Earnings to Fixed Charges
($ in thousands) | Nine months ended | ||||||||||||||||||||||||
2000 | 2001 | 2002 | 2003 | 2004 | September 30, 2005 | September 30, 2004 | |||||||||||||||||||
Net income (loss) from continuing operations | ($ | 61,803 | ) | ($ | 467,475 | ) | ($ | 15,233 | ) | ($ | 4,979 | ) | $ | 3,108 | $ | 6,307 | $ | 1,705 | |||||||
Add fixed charges: | |||||||||||||||||||||||||
Interest expense | — | — | — | — | 1,404 | 2,165 | 676 | ||||||||||||||||||
Debt cost amortization | — | — | — | — | 313 | 469 | 154 | ||||||||||||||||||
Portion of rents representative of the interest factor | 312 | 371 | 313 | 381 | 441 | 386 | 554 | ||||||||||||||||||
Total fixed charges (1) | $ | 312 | $ | 371 | $ | 313 | $ | 381 | $ | 2,158 | $ | 3,020 | $ | 1,384 | |||||||||||
Adjusted earnings (2) | (61,491 | ) | (467,104 | ) | (14,920 | ) | (4,598 | ) | 5,266 | 9,327 | 3,089 | ||||||||||||||
Ratio (2 divided by 1) | — | — | — | — | 2.4 | 3.1 | 2.2 | ||||||||||||||||||
Fixed charges deficiency | $ | 61,803 | $ | 467,475 | $ | 15,233 | $ | 4,979 | $ | — | $ | — | $ | — | |||||||||||