RATIO OF EARNINGS TO FIXED CHARGES

Years Ended March 31,

(numbers in thousands)

2015

2014

2013

2012

2011

EARNINGS (LOSS):

Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries; or income or loss from equity investees

(31,416

)

(16,036

)

(21,869

)

(18,578

)

(38,230

)

ADD:

fixed charges

1,344

1,465

1,429

1,562

1,658

amortization of capitalized interest

—

—

—

—

—

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)

1,344

1,465

1,429

1,562

1,658

SUBTRACT:

Interest capitalized in the period

14

27

36

17

26

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)

14

27

36

17

26

EARNINGS (LOSS) AS ADJUSTED

(30,085

)

(14,599

)

(20,476

)

(17,033

)

(36,598

)

FIXED CHARGES:

interest expensed and capitalized

551

712

717

857

873

amortized premiums, discounts and capitalized expenses related to indebtedness an estimate of the interest within rental expense

793

753

712

705

785

perference security dividend requirements of consolidated subsidaries

—

—

Total fixed charges

1,344

1,465

1,429

1,562

1,658

RATIO OF EARNING TO FIXED CHARGES

N/A

N/A

N/A

N/A

N/A

COVERAGE DEFICIENCY

(31,430

)

(16,063

)

(21,905

)

(18,595

)

(38,256

)