Exhibit 12
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
Six Months |
|
Years Ended March 31, |
| ||||||||
|
(numbers in thousands) |
|
2011 |
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
2007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS (LOSS): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries; or income or loss from equity investees |
|
(1,632 |
) |
(38,230 |
) |
(67,300 |
) |
(41,635 |
) |
(36,111 |
) |
(36,726 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADD: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
fixed charges |
|
765 |
|
1,658 |
|
1,442 |
|
788 |
|
831 |
|
754 |
|
|
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) |
|
765 |
|
1,658 |
|
1,442 |
|
788 |
|
831 |
|
754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUBTRACT: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest capitalized in the period |
|
12 |
|
26 |
|
43 |
|
5 |
|
7 |
|
1 |
|
|
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) |
|
12 |
|
26 |
|
43 |
|
5 |
|
7 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS (LOSS) AS ADJUSTED |
|
(879 |
) |
(36,598 |
) |
(65,901 |
) |
(40,853 |
) |
(35,288 |
) |
(35,973 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED CHARGES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
interest expensed and capitalized |
|
404 |
|
873 |
|
673 |
|
69 |
|
7 |
|
2 |
|
|
amortized premiums, discounts and capitalized expenses related to indebtedness |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
an estimate of the interest within rental expense |
|
361 |
|
785 |
|
769 |
|
719 |
|
824 |
|
752 |
|
|
perference security dividend requirements of consolidated subsidaries |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Total fixed charges |
|
765 |
|
1,658 |
|
1,442 |
|
788 |
|
831 |
|
754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RATIO OF EARNING TO FIXED CHARGES |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COVERAGE DEFICIENCY |
|
(1,644 |
) |
(38,256 |
) |
(67,343 |
) |
(41,640 |
) |
(36,118 |
) |
(36,727 |
) |