EX-12 4 d335938dex12.htm COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS/DEFICIENCIES

Exhibit 12

STATEMENT REGARDING COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS/DEFICIENCIES TO FIXED CHARGES

(dollars in thousands)

|  | Three Months ended March 31, 2012 |  |  | Fiscal Year Ended December 31, |
|  |  | 2011 |  |  | 2010 |  |  | 2009 |  |  | 2008 |  |  | 2007 |
Earnings (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pre-tax loss from continuing operations before adjustment for loss from equity investee |  | $ | (10,479 | ) |  | $ | (54,144 | ) |  | $ | (35,362 | ) |  | $ | (42,098 | ) |  | $ | (16,240 | ) |  | $ | (79,146 | )
add: Fixed charges (see below) |  |  | 285 |  |  |  | 1,207 |  |  |  | 1,207 |  |  |  | 712 |  |  |  | 1,115 |  |  |  | 1,553 |
Pre-tax income (loss) from continuing operations before adjustment for income/loss from equity investees plus fixed charges |  | $ | (10,194 | ) |  | $ | (52,937 | ) |  | $ | (34,155 | ) |  | $ | (41,386 | ) |  | $ | (15,125 | ) |  | $ | (77,593 | )
Fixed charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense on indebtedness |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 872 |  |  | $ | 1,083 |
Interest expense on portion of rent expense representative of interest |  |  | 285 |  |  |  | 1,207 |  |  |  | 1,207 |  |  |  | 712 |  |  |  | 243 |  |  |  | 470 |
Total fixed charges |  | $ | 285 |  |  | $ | 1,207 |  |  | $ | 1,207 |  |  | $ | 712 |  |  | $ | 1,115 |  |  | $ | 1,553 |
Ratio of earnings to fixed charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Deficiency of earnings available to cover fixed charges |  | $ | (10,479 | ) |  | $ | (54,144 | ) |  | $ | (35,362 | ) |  | $ | (42,098 | ) |  | $ | (16,240 | ) |  | $ | (79,146 | )