Exhibit 12.1
Statement of Computation of Ratios | |||||||||||||||||||||||
Year Ended December 31, | Six Months Ended June 30, 2013 | ||||||||||||||||||||||
2008 | 2009 | 2010 | 2011 | 2012 | |||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Net loss | $ | (97,515 | ) | $ | (9,872 | ) | $ | (15,403 | ) | $ | (3,558 | ) | $ | (3,865 | ) | $ | 5,174 | ||||||
Add: Fixed charges | 1,958 | 2,335 | 1,288 | 3,075 | 4,068 | 1,955 | |||||||||||||||||
Less: Capitalized interest | — | — | — | — | — | — | |||||||||||||||||
Total earnings | $ | (95,557 | ) | $ | (7,537 | ) | $ | (14,115 | ) | $ | (483 | ) | $ | 203 | $ | 7,129 | |||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expensed and capitalized | 202 | 270 | 58 | 2,477 | 3,305 | 1,361 | |||||||||||||||||
Estimated interest component of rent expenses | 1,756 | 2,065 | 1,230 | 598 | 763 | 594 | |||||||||||||||||
Total fixed charges | 1,958 | 2,335 | 1,288 | 3,075 | 4,068 | 1,955 | |||||||||||||||||
Ratio of earnings to fixed charges(1) | N/A | N/A | N/A | N/A | 5 | % | 365 | % |
(1) Earnings were insufficient to cover fixed charges by $97.5 million, $9.9 million, $15.4 million and $3.6 million for the years ended December 31, 2008, 2009, 2010 and 2011, respectively.