Attached files
Exhibit 12
STATEMENT REGARDING COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS/DEFICIENCIES TO FIXED CHARGES
(dollars in thousands)
Fiscal Year Ended December 31, |
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Six Months ended June 30, 2012 |
Three Months ended June 30, 2012 |
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||||
Earnings (loss): |
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Pre-tax loss from continuing operations before adjustment for loss from equity investee |
$ | (22,296 | ) | $ | (11,817 | ) | $ | (54,144 | ) | $ | (35,362 | ) | $ | (42,098 | ) | $ | (16,240 | ) | $ | (79,146 | ) | |||||||
add: Fixed charges (see below) |
576 | 292 | 1,207 | 1,207 | 712 | 1,115 | 1,553 | |||||||||||||||||||||
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Pre-tax income (loss) from continuing operations before adjustment for income/loss from equity investees plus fixed charges |
$ | (21,720 | ) | $ | (11,525 | ) | $ | (52,937 | ) | $ | (34,155 | ) | $ | (41,386 | ) | $ | (15,125 | ) | $ | (77,593 | ) | |||||||
Fixed charges: |
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Interest expense on indebtedness |
$ | | $ | | $ | | $ | | $ | | $ | 872 | $ | 1,083 | ||||||||||||||
Interest expense on portion of rent expense representative of interest |
576 | 292 | 1,207 | 1,207 | 712 | 243 | 470 | |||||||||||||||||||||
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Total fixed charges |
$ | 576 | $ | 292 | $ | 1,207 | $ | 1,207 | $ | 712 | $ | 1,115 | $ | 1,553 | ||||||||||||||
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Ratio of earnings to fixed charges |
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Deficiency of earnings available to cover fixed charges |
$ | (22,296 | ) | $ | (11,817 | ) | $ | (54,144 | ) | $ | (35,362 | ) | $ | (42,098 | ) | $ | (16,240 | ) | $ | (79,146 | ) | |||||||
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