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 | ||||||||||