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EXHIBIT 12.1
Three Months Three Months
Ended Years ended Ended Years Ended
June 30, March 31, March 31, December 31,
RATIO OF EARNINGS TO FIXED CHARGES (numbers in 2005 2005 2004 2003 2002 2001 2000
thousands)
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EARNINGS (LOSS):
Pretax loss from continuing operations before
adjustment for minority interests in consolidated
subsidiaries; or income or loss from equity investees (10,865) (39,449) (47,739) (7,635) (74,355) (46,859) (31,424)
ADD:
fixed charges 164 693 795 225 1,048 1,425 1,814
distributed income of equity investees - - - - - - -
your share of pretax losses of equity investees
for which charges arising from guarantees are
included in fixed charges - - - - - - -
Total additions to earnings (loss) 164 693 795 225 1,048 1,425 1,814
SUBTRACT:
Interest capitalized in the period - 2 - - - - 444
preference security dividend requirements of
consolidated subsidiaries, and - - - - - - -
the minority interest in pretax income of
subisidaries that
have not incurred fixed charges. Equity investees
are investments that you account for using the equity
method of accounting. - - - - - - -
Total subtractions from earnings (loss) - 2 - - - - 444
EARNINGS (LOSS) AS ADJUSTED (10,701) (38,758) (46,944) (7,410) (73,307) (45,434) (30,054)
FIXED CHARGES:
interest expensed and capitalized 2 37 183 73 407 585 1,359
amortized premiums, discounts and capitalized
expenses related to indebtedness - 1 19 5 27 39 33
an estimate of the interest within rental expense 162 655 593 147 614 801 422
perference security dividend requirements of
consolidated subsidiaries - - - - - - -
Total fixed charges 164 693 795 225 1,048 1,425 1,814
RATIO OF EARNING TO FIXED CHARGES N/A N/A N/A N/A N/A N/A N/A
COVERAGE DEFICIENCY (10,865) (39,451) (47,739) (7,635) (74,355) (46,859) (31,868)
II-8