| Consolidated | Historical Combined | ||||||||||||||||||
| For the year ended December 31, | |||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
| Earnings Available for Fixed Charges | |||||||||||||||||||
| and Preferred Dividends: | |||||||||||||||||||
| Net loss | (5,006 | ) | (2,238 | ) | (2,682 | ) | (644 | ) | (2,622 | ) | |||||||||
| Plus fixed charges: | |||||||||||||||||||
| Interest expense (including amortization of loan fees) | 19,071 | 17,480 | 8,831 | 8,774 | 12,029 | ||||||||||||||
| Capitalized interest and loan fees | 1,461 | 189 | 165 | 544 | 1,054 | ||||||||||||||
| Estimate of interest within rental expense | 153 | 124 | 46 | 16 | 16 | ||||||||||||||
| Fixed Charges | 20,685 | 17,793 | 9,042 | 9,334 | 13,099 | ||||||||||||||
| Plus: | |||||||||||||||||||
| Amortization of capitalized interest | 73 | 73 | 73 | 55 | 55 | ||||||||||||||
| Less: | |||||||||||||||||||
| Capitalized interest and loan fees | (1,461 | ) | (189 | ) | (165 | ) | (544 | ) | (1,054 | ) | |||||||||
| Earnings | $ | 14,291 | $ | 15,439 | $ | 6,268 | $ | 8,201 | $ | 9,478 | |||||||||
| Combined Fixed Charges and | |||||||||||||||||||
| Preferred Dividends: | |||||||||||||||||||
| Fixed charges (from above) | 20,685 | 17,793 | 9,042 | 9,334 | 13,099 | ||||||||||||||
| Preferred dividends | 12,924 | 8,108 | 817 | — | — | ||||||||||||||
Combined fixed charges and preferred dividends: | $ | 33,609 | $ | 25,901 | $ | 9,859 | $ | 9,334 | $ | 13,099 | |||||||||
| Ratio of earnings to combined fixed charges and preferred dividends | 0.43 | 0.60 | 0.64 | 0.88 | 0.72 | ||||||||||||||
| Deficiency | $ | 19,341 | $ | 10,462 | $ | 3,591 | $ | 1,133 | $ | 3,621 | |||||||||
