. . . 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) ---------------------------------------------------------------------------- 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