EX-12
EXHIBIT 12
THOMAS & BETTS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
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For The Years Ended
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January 2, January 3, December 28, December 29, December 31,
2000 1999 1997 1996 1995
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Earnings from continuing operations
Before income taxes $159,736 $124,908 $233,507 $106,395 $148,365
Add:
Interest on indebtedness 67,227 50,896 51,431 50,131 32,625
Amortization of debt expense 729 239 610 1,335 1,496
Portion of rents representative
of the interest factor 10,923 10,835 11,796 11,585 10,935
Deduct: Interest capitalized and
Undistributed earnings from less-
than-50-percent-owned persons (15,215) (13,204) (11,278) (4,217) (2,848)
-------- -------- -------- -------- --------
Earnings as adjusted 223,400 173,674 286,066 165,229 190,573
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Fixed charges:
Interest on indebtedness 67,227 50,896 51,431 50,131 32,625
Amortization of debt expense 729 239 610 1,335 1,496
Portion of rents representative
of the interest factor 10,923 10,835 11,796 11,585 10,935
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Total fixed charges $ 78,879 $ 61,970 $ 63,837 $ 63,051 $ 45,056
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Ratio of earnings to
fixed charges 2.8x 2.8x 4.5x 2.6x 4.2x
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EX-12