|                                                                          |   | Year Ended December 31, |    |
|-------------------------------------------------------------------------------|--------|-------------------------|---------|
|                                                                          |   |                    |    |   | (Dollars in thousands) |   |   |   |   |
|                                                                          |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                          |   | 2011                    |    |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
| Consolidated income (loss) before income tax and noncontrolling interest |   |                    | (19,972 | ) |   |   | 1,958 |   |   |   | (32,442 | ) |   |   | 61,026 |   |   |   | 13,929 |   |
| Income (loss) from discontinued operations                                    |   |                    | -       |   |   |   | (515 | ) |   |   | (2,131 | ) |   |   | (16,448 | ) |   |   | (3,917 | ) |
| Investment in affiliates                                                      |   |                    | 1,073   |   |   |   | 341 |   |   |   | 28 |   |   |   | 442 |   |   |   | 28 |   |
| Interest expense continuing operations                                        |   |                    | 33,103  |   |   |   | 24,585 |   |   |   | 23,222 |   |   |   | 24,393 |   |   |   | 20,069 |   |
| Amortization of debt issue costs                                              |   |                    | 2,323   |   |   |   | 1,340 |   |   |   | 1,026 |   |   |   | 735 |   |   |   | 371 |   |
| Interest expense discontinued operations                                      |   |                    | -       |   |   |   | 5 |   |   |   | 10 |   |   |   | 212 |   |   |   | (262 | ) |
| Earnings                                                                      |   |                    | 16,527  |   |   |   | 27,714 |   |   |   | (10,287 | ) |   |   | 70,360 |   |   |   | 30,218 |   |
|                                                                          |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expenses continuing operations                                       |   |                    | 33,103  |   |   |   | 24,585 |   |   |   | 23,222 |   |   |   | 24,393 |   |   |   | 20,069 |   |
| Interest expenses discontinued operations                                     |   |                    | -       |   |   |   | 5 |   |   |   | 10 |   |   |   | 212 |   |   |   | (262 | ) |
| Amortization of debt issue                                                    |   |                    | 2,323   |   |   |   | 1,340 |   |   |   | 1,026 |   |   |   | 735 |   |   |   | 371 |   |
| Capitalized interest                                                          |   |                    | -       |   |   |   | 1,010 |   |   |   | 2,354 |   |   |   | 3,230 |   |   |   | 2,403 |   |
| Fixed charges                                                                 |   |                    | 35,426  |   |   |   | 26,940 |   |   |   | 26,612 |   |   |   | 28,570 |   |   |   | 22,581 |   |
| Ratio of earnings to fixed charges                                            |   |                    | -       | (1) |   |   | 1.0 |   |   |   | - | (1) |   |   | 2.5 |   |   |   | 1.3 |   |
| Dollar amount of deficiency in earnings to fixed charges                      |   |                    | 18,899  | (1)   |   |   |   |   |   |   |  36,899 | (1)   |   |   |   |   |   |   |   |   |
|                                                                          |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
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