Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS (DEFICIT) TO FIXED CHARGES
| Year Ended December 31, | For the Three Months Ended March 31, 2011 |
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| 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||||||
| Unaudited (in thousands, except ratios) | ||||||||||||||||||||||||
| EARNINGS |
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| (Loss) income from continuing operations |
$ | 27,808,000 | $ | 37,775,000 | $ | (184,502,000 | ) | $ | 23,627,000 | $ | 47,363,000 | $ | 21,174,000 | |||||||||||
| Interest expense |
1,956,000 | 3,091,000 | 4,762,000 | 2,309,000 | 2,761,000 | 653,000 | ||||||||||||||||||
| Interest expense—Preferred Stock |
— | — | — | — | — | — | ||||||||||||||||||
| Income before fixed charges |
29,764,000 | 40,866,000 | (179,740,000 | ) | 25,936,000 | 50,124,000 | 21,827,000 | |||||||||||||||||
| FIXED CHARGES |
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| Interest expense |
1,956,000 | 3,091,000 | 4,762,000 | 2,309,000 | 2,761,000 | 653,000 | ||||||||||||||||||
| Interest expense—Preferred Stock |
— | — | — | — | — | — | ||||||||||||||||||
| Total fixed charges |
1,956,000 | 3,091,000 | 4,762,000 | 2,309,000 | 2,761,000 | 653,000 | ||||||||||||||||||
| Earnings/fixed charge coverage ratio |
15.2 | 13.2 | NM | * | 11.2 | 18.2 | 33.4 | |||||||||||||||||
| * | Not meaningful |