Exhibit 12
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Six Months |
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RATIO OF EARNINGS TO FIXED CHARGES |
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September 30, |
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Years Ended March 31, |
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(numbers in thousands) |
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2008 |
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2008 |
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2007 |
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2006 |
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2005 |
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2004 |
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EARNINGS (LOSS): |
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Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries; or income or loss from equity investees |
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(19,726 |
) |
(36,113 |
) |
(36,728 |
) |
(47,073 |
) |
(39,449 |
) |
(47,739 |
) |
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ADD: |
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fixed charges |
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359 |
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831 |
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754 |
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708 |
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693 |
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795 |
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amortization of capitalized interest |
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— |
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— |
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— |
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— |
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— |
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— |
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distributed income of equity investees |
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— |
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— |
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— |
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— |
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— |
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— |
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pretax losses of equity investees for which charges arising from guarantees are included in fixed charges |
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— |
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— |
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— |
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— |
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— |
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— |
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Total additions to earnings (loss) |
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359 |
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831 |
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754 |
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708 |
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693 |
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795 |
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SUBTRACT: |
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Interest capitalized in the period |
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5 |
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7 |
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1 |
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2 |
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2 |
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— |
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preference security dividend requirements of consolidated subsidiaries, and |
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— |
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— |
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— |
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— |
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— |
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— |
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the minority interest in pretax income of subisidaries that have not incurred fixed charges. Equity investees are investments for using the equity method of accounting. |
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— |
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— |
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— |
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— |
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— |
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— |
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Total subtractions from earnings (loss) |
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5 |
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7 |
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1 |
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2 |
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2 |
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— |
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EARNINGS (LOSS) AS ADJUSTED |
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(19,372 |
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(35,289 |
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(35,975 |
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(46,367 |
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(38,758 |
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(46,944 |
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FIXED CHARGES: |
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interest expensed and capitalized |
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1 |
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7 |
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2 |
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23 |
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37 |
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183 |
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amortized premiums, discounts and capitalized expenses related to indebtedness |
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1 |
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19 |
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an estimate of the interest within rental expense |
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358 |
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824 |
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752 |
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685 |
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655 |
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593 |
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perference security dividend requirements of consolidated subsidaries |
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— |
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— |
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— |
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— |
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— |
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— |
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Total fixed charges |
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359 |
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831 |
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754 |
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708 |
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693 |
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795 |
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RATIO OF EARNING TO FIXED CHARGES |
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N/A |
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N/A |
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N/A |
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N/A |
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N/A |
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N/A |
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COVERAGE DEFICIENCY |
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(19,731 |
) |
(36,120 |
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(36,729 |
) |
(47,075 |
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(39,451 |
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(47,739 |
) |