|                                                               |   |   | Year Ended December 31, |   |
|--------------------------------------------------------------------|--------|--------|-------------------------|--------|
|                                                               |   |   |                    |   |
|                                                               |   |   |                    |   |   |   |   |   |   |   | (Dollars in thousands) |   |   |   |   |   |   |   |   |   |
|                                                               |   |   | 2010                    |   |   |   | 2009 |   |   |   | 2008 |   |   |   | 2007 |   |   |   | 2006 |   |
|                                                               |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated income (loss) before income tax and minority interest |   |   | 1,958                   |   |   |   | (32,442 | ) |   |   | 61,026 |   |   |   | 13,929 |   |   |   | 8,899 |   |
| Income (loss) from discontinued operations                         |   |   | (515                    | )      |   |   | (2,131 | ) |   |   | (16,448 | ) |   |   | (3,917 | ) |   |   | 5,647 |   |
| Investment in affiliates                                           |   |   | 341                     |   |   |   | 28 |   |   |   | 442 |   |   |   | 28 |   |   |   | (588 | ) |
| Interest expense continuing operations                             |   |   | 24,732                  |   |   |   | 23,533 |   |   |   | 24,393 |   |   |   | 20,069 |   |   |   | 18,171 |  (1) |
| Amortization of capitalized interest                               |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amortization of debt issue costs                                   |   |   | 1,193                   |   |   |   | 715 |   |   |   | 735 |   |   |   | 371 |   |   |   | 750 |   |
| Interest expense discontinued operations                           |   |   | 5                       |   |   |   |  10 |   |   |   |  212 |   |   |   |  (262 | )  |   |   | 104 |   |
| Earnings                                                           |   |   | 27,714                  |   |   |   | (10,287 | ) |   |   | 70,360 |   |   |   | 30,218 |   |   |   | 32,983 |   |
|                                                               |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expenses continuing operations                            |   |   | 24,732                  |   |   |   | 23,533 |   |   |   | 24,393 |   |   |   | 20,069 |   |   |   | 18,171 |   |
| Interest expenses discontinued operations                          |   |   | 5                       |   |   |   | 10 |   |   |   | 212 |   |   |   | (262 | ) |   |   | 104 |   |
| Amortization of debt issue                                         |   |   | 1,193                   |   |   |   | 715 |   |   |   | 735 |   |   |   | 371 |   |   |   | 750 |   |
| Capitalized Interest                                               |   |   |  1,010             |   |   |   |  2,354 |   |   |   | 3,230 |   |   |   |  2,403 |   |   |   |  2,299 |   |
| Fixed charges                                                      |   |   | 26,940                  |   |   |   | 26,612 |   |   |   | 28,570 |   |   |   | 22,581 |   |   |   | 21,324 |   |
| Ratio of earnings to fixed charges                                 |   |   | 1.0                     |   |   |   | - | (2) |   |   | 2.5 |   |   |   | 1.3 |   |   |   | 1.5 |   |
|                                                               |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dollar amount of deficiency in earnings to fixed charged      |   |   |                    |   |   |   | 36,899 | (2) |   |   |   |   |   |   |   |   |   |   |   |   |

| (1) The interest expenses amounts presented in this exhibit do not include the results on extinguishment of debt amounting $(1,411) for the year ended December 31, 2006. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |
| (2) In this fiscal year the earnings were inadequate to cover fixed charges.                                                                                         |   |   |   |   |   |   |