EX-12.1 2 dex121.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Regarding 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)

 

           As Adjusted  

Years Ended December 31,

   2006     2005     2004     2003     2002  

Earnings available for fixed charges:

          

Income before income taxes

   $ 93,241     $ 68,151     $ 35,877     $ 32,718     $ 25,418  

Equity (income) loss, net of distributions

     —         335       355       (489 )     (477 )

Capitalized interest

     (714 )     (241 )     (314 )     (85 )     (128 )

Amortization of capitalized interest

     262       246       291       317       344  

Fixed charges per below

     29,441       22,460       20,362       20,446       18,730  
                                        

Earnings

   $ 122,230     $ 90,951     $ 56,571     $ 52,906     $ 43,887  
                                        

Fixed Charges:

          

Interest expensed and capitalized, including amortization of debt issuance costs

   $ 24,451     $ 17,947     $ 15,938     $ 16,253     $ 15,311  

Interest portion of rental expense (33%)

     4,990       4,513       4,424       4,193       3,419  
                                        

Fixed charges

   $ 29,441     $ 22,460     $ 20,362     $ 20,446     $ 18,730  
                                        

Ratio of earnings to fixed charges

     4.2 x     4.0 x     2.8 x     2.6 x     2.3 x