|   |   |   | Statement of Ratio of Earning to Fixed Charges                               |                                                                |                   |                                                                |            |                                                                      |   |                                                                |            |                                                            |   |
|--------|--------|--------|------------------------------------------------------------------------------|---------------------------------------------------------------------|------------------------|---------------------------------------------------------------------|-----------------|---------------------------------------------------------------------------|--------|---------------------------------------------------------------------|-----------------|-----------------------------------------------------------------|--------|
|   |   |   |                                                                         | Year Ended December 31,                                             |                   |
|   |   |   |                                                                         |                                                                | (Dollars in thousands) |                                                                |            |                                                                      |
|   |   |   |                                                                         |                                                                |                   |                                                                |            |                                                                      |   |                                                                |            |                                                            |   |
|   |   |   |                                                                         | 2012                                                                |                   | 2011                                                                |            | 2010                                                                      |   | 2009                                                                |            | 2008                                                            |   |
|   |   |   | Consolidated income (loss) before income tax and non controling interest     |    (65,733)                                          |                   |    (19,972)                                          |            |       1,958                                 |   |    (32,442)                                          |            |     61,026                                  |   |
|   |   |   | Income (loss) from discontinued operations                                   |            - |                   |            - |            |        (515)                           |   |      (2,131)                               |            |    (16,448)                                      |   |
|   |   |   | Investment in affiliates                                                     |       1,175                           |                   |       1,073                           |            |         341                       |   |           28      |            |          442       |   |
|   |   |   | Interest expense continuing operations                                       |     33,576                                      |                   |     33,103                                      |            |     24,585                                            |   |     23,222                                      |            |     24,393                                  |   |
|   |   |   | Amortization of capitalized interest                                         |                                                                |                   |                                                                |            |                                                                      |   |                                                                |            |                                                            |   |
|   |   |   | Amortization of debt issue costs                                             |       2,217                           |                   |       2,323                           |            |       1,340                                 |   |       1,026                           |            |          735       |   |
|   |   |   | Interest expense discontinued operations                                     |            - |                   |            - |            |             5 |   |           10      |            |          212       |   |
|   |   |   | Earnings                                                                     |    (28,765)                                          |                   |     16,527                                      |            |     27,714                                            |   |    (10,287)                                          |            |     70,360                                  |   |
|   |   |   |                                                                         |                                                                |                   |                                                                |            |                                                                      |   |                                                                |            |                                                            |   |
|   |   |   | Interest expenses continuing operations                                      |     33,576                                      |                   |     33,103                                      |            |     24,585                                            |   |     23,222                                      |            |     24,393                                  |   |
|   |   |   | Interest expenses discontinued operations                                    |            - |                   |            - |            |             5 |   |           10      |            |          212       |   |
|   |   |   | Amortization of debt issue                                                   |       2,217                           |                   |       2,323                           |            |       1,340                                 |   |       1,026                           |            |          735       |   |
|   |   |   | Capitalized interest                                                         |            - |                   |            - |            |       1,010                                 |   |       2,354                           |            |       3,230                       |   |
|   |   |   | Fixed charges                                                                |     35,793                                      |                   |     35,426                                      |            |     26,940                                            |   |     26,612                                      |            |     28,570                                  |   |
|   |   |   | Ratio of earnings to fixed charges                                           |            - |   (1)        |            - |   (1) |          1.0                 |   |            - |   (1) |           2.5 |   |
|   |   |   |                                                                         |                                                                |                   |                                                                |            |                                                                      |   |                                                                |            |                                                            |   |
|   |   |   | Dollar amount of deciciency in earnings to fixed                             |                                                                |                   |                                                                |            |                                                                      |   |                                                                |            |                                                            |   |
|   |   |   | charges                                                                      |     64,558                                      |   (1)        |     18,899                                      |   (1) |                                                                      |   |     36,899                                      |   (1) |                                                            |   |
|   |   |   |                                                                         |                                                                |                   |                                                                |            |                                                                      |   |                                                                |            |                                                            |   |
|   |   |   | (1) In this fiscal year the earnings were inadequate to cover fixed charges. |                                                                |                   |                                                                |            |                                                                      |   |                                                                |
|   |   |   |                                                                         |                                                                |                   |                                                                |            |                                                                      |   |                                                                |            |                                                            |   |
|   |   |   |                                                                         |                                                                |                   |                                                                |            |                                                                      |   |                                                                |            |                                                            |   |