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 |