EX-12 4 b01078_x12.htm STATEMENT OF COMPUTATION b01078_x12.htm
EXHIBIT 12

Barnes Group Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

 


 
Quarter Ended March 31,
    
 
 
Years Ended December, 31,
  
 
2010
    
2009
    
2008
    
2007
    
2006
    
2005
  
                                   
Earnings available for fixed charges:
                                  
Income from continuing operations
    before income taxes
 $ 14,225     $ 39,946     $ 119,007     $ 123,963     $ 91,674     $ 67,343  
Equity (income) loss, net of distributions
   -       -       -       -       -       62  
Capitalized interest
   (53 )     (158 )     (683 )     (654 )     (714 )     (241 )
Amortization of capitalized interest
   91       372       342       286       262       247  
Fixed charges per below
   7,151       31,810       35,426       39,377       33,223       23,934  
Earnings
 $ 21,414     $ 71,970     $ 154,092     $ 162,973     $ 124,445     $ 91,344  
                                               
Fixed Charges:
                                              
Interest expensed and capitalized, including amortization of debt issuance
costs and debt discounts
                                              
 $ 5,483      $ 24,965     $  28,720      $ 33,147     $  28,233     $  19,241    
Interest portion of rental expense (33%)
   1,668       6,845       6,706       6,231       4,990       4,513  
Fixed charges
   7,151       31,810       35,426       39,377       33,223       23,934  
                                               
Ratio of earnings to fixed charges
   3.0 X     2.3 X     4.3 X     4.1 X     3.7 X     3.8 X