**EXHIBIT      12**

**COMPUTATION      OF RATIO OF EARNINGS TO FIXED CHARGES**

*(dollar      amounts in thousands)*

|                                                                       |   |   |   |     |   |     |   |     |    |     |   |     |   |
|----------------------------------------------------------------------------|--------|--------|--------|----------|--------|----------|--------|----------|---------|----------|--------|----------|--------|
|                                                                       |   |   |   |     |   |     |   |     |    |     |   |     |   |
|                                                                       |   |   |   | **2006** |   | **2005** |   | **2004** |    | **2003** |   | **2002** |   |
|                                                                       |   |   |   |     |   |     |   |     |    |     |   |     |   |
| **EARNINGS**                                                               |   |   |   |     |   |     |   |     |    |     |   |     |   |
| Pre-tax                  income (loss)                                     |   |   |   |     | $      | 6,582    |   | $        | (27,015 | )        | $      | 3,945    |   | $ | (67,746 | ) | $ | (79,157 | ) |
| Fixed                  charges                                             |   |   |   |     |   | 14,808   |   |     | 17,433  |     |   | 13,638   |   |   | 11,205 |   |   | 4,611 |   |
| Total                                                                      |   |   |   |     | $      | 21,390   |   | $        | (9,582  | )        | $      | 17,583   |   | $ | (56,541 | ) | $ | (74,546 | ) |
|                                                                       |   |   |   |     |   |     |   |     |    |     |   |     |   |   |   |   |   |   |   |
| **FIXED                  CHARGES**                                         |   |   |   |     |   |     |   |     |    |     |   |     |   |   |   |   |   |   |   |
| Interest                  expense and amortization of                      |   |   |   |     |   |     |   |     |    |     |   |     |   |   |   |   |   |   |   |
|                       debt discount and premium on all |   |   |   |     |   |     |   |     |    |     |   |     |   |   |   |   |   |   |   |
|                       indebtedness                     |   |   |   |     | $      | 13,521   |   | $        | 16,111  |     | $      | 12,354   |   | $ | 9,887 |   | $ | 3,257 |   |
| Interest                  portion of rental expense                        |   |   |   |     |   | 1,287    |   |     | 1,322   |     |   | 1,284    |   |   | 1,318 |   |   | 1,354 |   |
| Total                  fixed charges                                       |   |   |   |     | $      | 14,808   |   | $        | 17,433  |     | $      | 13,638   |   | $ | 11,205 |   | $ | 4,611 |   |
|                                                                       |   |   |   |     |   |     |   |     |    |     |   |     |   |   |   |   |   |   |   |
| Ratio                  of earnings to fixed                                |   |   |   |     |   |     |   |     |    |     |   |     |   |   |   |   |   |   |   |
| charges                                                                    |   |   |   |     |   | 1.4x     |   |     | (A      | )        |   | 1.3x     |   |   | (A | ) |   | (A | ) |
|                                                                       |   |   |   |     |   |     |   |     |    |     |   |     |   |   |   |   |   |   |   |

| (A)   | Earnings                were insufficient to cover fixed charges by $27.0 million, $67.7                million                and $79.2 million in 2005, 2003 and 2002,                respectively. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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