EX-12.1 3 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

Barnes Group Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

 

     Year to Date June 30,

    Year Ended December 31,

 
     2005

    2004

    2004

    2003

    2002

    2001

    2000

 

Earnings available for fixed charges:

                                                        

Income before income taxes as restated

   $ 45,439     $ 27,165     $ 43,027     $ 38,202     $ 32,543     $ 23,311     $ 47,876  

Equity (income) loss, net of distributions

     335       150       355       (489 )     (477 )     580       (482 )

Capitalized interest

     (154 )     (157 )     (314 )     (85 )     (128 )     (163 )     (188 )

Amortization of capitalized interest

     135       146       292       318       344       345       347  

Fixed charges per below

     10,929       9,957       20,362       20,446       18,730       19,839       18,466  
    


 


 


 


 


 


 


Adjusted earnings

   $ 56,684     $ 37,261     $ 63,722     $ 58,392     $ 51,012     $ 43,912     $ 66,019  
    


 


 


 


 


 


 


Fixed Charges:

                                                        

Interest expensed and capitalized, including amortization of debt issuance costs

   $ 8,736     $ 7,780     $ 15,938     $ 16,253     $ 15,311     $ 16,525     $ 15,424  

Interest portion of rental expense (33%)

     2,193       2,177       4,424       4,193       3,419       3,314       3,042  
    


 


 


 


 


 


 


Fixed charges

   $ 10,929     $ 9,957     $ 20,362     $ 20,446     $ 18,730     $ 19,839     $ 18,466  
    


 


 


 


 


 


 


Ratio of earnings to fixed charges

     5.2       3.7       3.1       2.9       2.7       2.2       3.6