EX-12 5 cmw764c.htm COMPUTATION OF RATIOS

Exhibit 12


Statement Regarding Computation of Ratio of Earnings for Fixed Charges


REGAL-BELOIT Corporation
Ratio of Earnings to Fixed Charges
($000)


Year Ended December 31,
 
3-Months Ended
March 31,
1999
2000
2001
2002
2003
 
2003
2004
Pre-tax Income     $ 63,254   $ 56,550   $ 34,042   $ 37,977   $ 40,843       $ 9,965   $ 11,202  
Add: Fixed Charges -  
        Interest Expense   $ 9,406   $ 15,332   $ 22,239   $ 9,399   $ 6,462       $ 1,576   $ 1,327  
        Amortized Debt Expenses   $ 230   $ 475   $ 1,104   $ 1,040   $ 1,058       $ 249   $ 271  
        Portion of Rent Expense Repre-  
           sentative of Interest (30%)   $ 1,257   $ 1,480   $ 2,194   $ 2,078   $ 2,129       $ 503   $ 543  
Total Fixed Charges   $ 10,893   $ 17,287   $ 25,537   $ 12,517   $ 9,649       $ 2,328   $ 2,141  
Earnings Available for Fixed Charges   $ 74,147   $ 73,837   $ 59,579   $ 50,494   $ 50,492       $ 12,293   $ 13,343  
Fixed Charges   $ 10,893   $ 17,287   $ 25,537   $ 12,517   $ 9,649       $ 2,328   $ 2,141  
Ratio of Earnings to Fixed Charges    6.81    4.27    2.33    4.03    5.23        5.28    6.23