Exhibit 12
Computation of the Ratio of Earnings To Cover Fixed Charges and
Preference Dividends
| 2002 |
2003 |
2004 |
2005 |
2006 |
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| Pre-tax income from continuing operations |
$ | (34,917 | ) | $ | (33,288 | ) | $ | (33,924 | ) | $ | (27,641 | ) | $ | (32,432 | ) | |||||
| Fixed charges |
111 | 78 | 509 | 4,176 | 5,962 | |||||||||||||||
| Earnings available to cover fixed charges |
(34,806 | ) | (33,210 | ) | (33,415 | ) | (23,465 | ) | (26,470 | ) | ||||||||||
| Fixed charges |
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| Interest on indebtedness |
59 | 51 | 151 | 3,253 | 5,753 | |||||||||||||||
| Interest attributable to rental property (a) |
52 | 27 | 12 | 6 | 12 | |||||||||||||||
| Preferred stock dividend requirements |
— | — | 346 | 917 | 197 | |||||||||||||||
| 111 | 78 | 509 | 4,176 | 5,962 | ||||||||||||||||
| Ratio of earnings to cover fixed charges (b) |
N/A | N/A | N/A | N/A | N/A | |||||||||||||||
| Additional earnings required to cover fixed charges |
$ | 34,917 | $ | 33,288 | $ | 33,924 | $ | 27,641 | $ | 32,432 | ||||||||||
| (a) | Based on a reasonable approximation of the interest factor. |
| (b) | As earnings were insufficient to cover fixed charges and preferred dividends, if any, no ratio has been presented. |