| Year Ended December 31, | ||||||||||||||||||||
| (Amounts in thousands, except ratios) | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||
| Fixed charges | ||||||||||||||||||||
| Fixed charges | $ | 20,095 | $ | 39,362 | $ | 62,506 | $ | 98,942 | $ | 113,244 | ||||||||||
| Preferred dividend requirements | 4,010 | 4,044 | 5,347 | 5,569 | 5,476 | |||||||||||||||
| Total | $ | 24,105 | $ | 43,406 | $ | 67,853 | $ | 104,511 | $ | 118,720 | ||||||||||
| Earnings | ||||||||||||||||||||
| Income (loss) from continuing operations | $ | 8,899 | $ | 4,909 | $ | 9,585 | $ | (3,375 | ) | $ | (21,107 | ) | ||||||||
| Add: | ||||||||||||||||||||
| Fixed charges, excluding preferred dividend requirements | 20,095 | 39,362 | 62,506 | 98,942 | 113,244 | |||||||||||||||
| Distributed income of equity method investee | 1,125 | – | – | – | – | |||||||||||||||
| Less: | ||||||||||||||||||||
| Equity in income (loss) of equity method investee | 709 | (852 | ) | – | – | – | ||||||||||||||
| Total | $ | 29,410 | $ | 45,123 | $ | 72,091 | $ | 95,567 | $ | 92,137 | ||||||||||
| Ratio of earnings to fixed charges and preferred dividends | 1.22 | x | 1.04 | x | 1.06 | x | ||||||||||||||
| Deficiency of earnings | $ | 8,944 | $ | 26,583 | ||||||||||||||||
