Exhibit 12.01

        The table below presents the ratio of earnings to fixed charges, ratio of earnings to combined fixed charges and preferred stock dividends, and the coverage deficiency for the last five fiscal years (dollar amounts in thousands).

		For the Year Ended December 31,
		2003			2002		2001			2000			1999
Income (loss) before income taxes (benefit), proportionate share of income (loss) of joint ventures, and cumulative effect of a change in accounting principle		$	28,119		$	23,586	$	(3,687	)	$	(14,047	)	$	17,400
Fixed charges			9,002			8,318		13,886			11,694			5,403
Distributed income of equity investee			372			—		—			—			—
Less: preference security dividend requirement			1,634	1		2,105		2,150			2,322			2,488
	Earnings available to cover fixed charges and preferred stock dividends	$	35,859		$	29,799	$	8,049		$	(4,675	)	$	20,315
Interest expense on indebtedness		$	6,903		$	5,518	$	10,606		$	8,876		$	2,332
Estimated interest expense within rental expense			465			695		1,130			496			583
Preference security dividend requirement			1,634	1		2,105		2,150			2,322			2,488
	Total fixed charges	$	9,002		$	8,318	$	13,886		$	11,694		$	5,403
Ratio of earnings to combined fixed charges and preferred stock dividends			4.0			3.6		deficiency			deficiency			3.8
Deficiency							$	5,837		$	16,369

(1)

Does not include preferred stock repurchase premium of $35,198,000 incurred in December 2003. If the premium were included the ratio would be .5 to 1.