|                                                                              |   | Year Ended December 31,           |    |
|-----------------------------------------------------------------------------------|--------|-----------------------------------|---------|
|                                                                              |   | (Dollars      in thousands)  |    |
|                                                                              |   |                              |    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                              |   | 2003                              |    |   | 2004 |   |   | 2005 |   |   | 2006 |   |   | 2007 |   |
|                                                                              |   |                              |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated      income (loss) before income      tax      and minority interest |   | $                                 | (10,000 | ) |   | $ | 6.921 |   |   | $ | 25,151 |   |   | $ | 14,646 |   |   | $ | 10,066 |   |
| Investment      in affiliates                                                     |   |                              | (3,140  | ) |   |   | (406 | ) |   |   | 497 |   |   |   | (588 | ) |   |   | 28 |   |
| Interest      expense                                                             |   |                              | 15,622  | (1) |   |   | 15,566 |   |   |   | 18,104 |   |   |   | 18,275 | (1) |   |   | 19,807 |   |
| Amortization      of debt issue costs                                             |   |                              | 585     |   |   |   | 568 |   |   |   | 1,037 |   |   |   | 750 |   |   |   | 371 |   |
| Earnings                                                                          |   |                              | 3,067   |   |   |   | 22,649 |   |   |   | 44,789 |   |   |   | 33,083 |   |   |   | 30,272 |   |
|                                                                              |   |                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      expenses                                                            |   |                              | 15,622  |   |   |   | 15,566 |   |   |   | 18,104 |   |   |   | 18,275 |   |   |   | 19,807 |   |
| Amortization      of debt issue costs                                             |   |                              | 585     |   |   |   | 568 |   |   |   | 1,037 |   |   |   | 750 |   |   |   | 371 |   |
| Fixed      charges                                                                |   |                              | 16,207  |   |   |   | 16,134 |   |   |   | 19,141 |   |   |   | 19,025 |   |   |   | 20,178 |   |
| Ratio      of earnings to fixed charges                                           |   |                              | -       | (2) |   |   | 1.4 |   |   |   | 2.3 |   |   |   | 1.7 |   |   |   | 1.5 |   |

|   | (1) | The      interest expenses amounts presented in this exhibit do not include the      results on extinguishment of debt amounting $ 1,782, $ (5,078) and      $(1,411) for the year ended December 31, 2003, 2004 and 2006,      respectively. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | In      these fiscal years the earnings are inadequate to cover fixed      charges. |
|--------|-----|-------------------------------------------------------------------------------------|