ROLLER BEARING COMPANY OF AMERICA, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Fiscal Year Ended Six Months Ended
4/3/93 4/2/94 4/1/95 3/30/96 3/29/97 9/27/96 9/28/97
------------------------------------------ ----------------
Historical
Earnings
Income (loss) before income taxes
and extraordinary charge $3,730 $(7,518) $ 211 $ 3,522 $ 7,864 $2,912 $3,253
Fixed charges, excluding capitalized
interest - see below 3,805 4,762 6,861 6,686 5,711 2,924 5,088
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Earnings $7,535 $(2,756) $7,072 $10,208 $13,575 $5,835 $8,341
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Fixed Charges
Interest expense, net $3,471 $ 4,333 $6,445 $ 6,165 $ 5,338 $2,747 $4,894
Interest factor included in rentals 334 429 416 521 373 177 194
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Fixed charges, excluding capitalized
interest 3,805 4,762 6,861 6,686 5,711 2,924 5,088
Interest capitalized -- -- -- -- -- -- --
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Fixed charges $3,805 $ 4,762 $6,861 $ 6,686 $ 5,711 $2,924 $5,088
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Ratio of earnings to fixed charges 2.0 (a) 1.0 1.5 2.4 2.0 1.6
========================================== ==============
Pro forma ratio of earnings to fixed
charges assuming the acquisition of LPP
and Nice as of March 31, 1996, and the
acquisition of Bremen as of March 30,
1997
Pro forma earnings before income taxes
and extrordinary charge $11,177 $3,685
Fixed charges, excluding capitalized
interest - see below 6,932 5,200
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Earnings $18,109 $8,885
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Fixed charges
Interest expense, net 6,539 5,001
Interest factor included in rentals 393 199
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Fixed charges, excluding capitalized
interest 6,932 5,200
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Interest capitalized -- --
------- ------
Fixed charges $ 6,932 $5,200
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Ratio of earnings to fixed charges 2.6 1.7
======= ======
(a) Earnings were insufficient to cover charges in fiscal 1994 by $7,518.
Exhibit 12
Page 2
ROLLER BEARING COMPANY OF AMERICA, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Fiscal Year Ended Six Months Ended
4/3/93 4/2/94 4/1/95 3/30/96 3/29/97 9/27/96 9/28/97
------------------------------------------ ----------------
Pro forma ratio of earnings to fixed
charges assuming the issuance of the
Recapitalization discussed herein and
the reduction of outstanding debt
Based on historical earnings and
fixed charges of the Company
Earnings, as above $ 13,575 $ 8,341
======== =======
Fixed charges, as above $ 5,711 $ 5,088
Additional interest as a result
of the Recapitalization
discussed herein 12,547 2,963
-------- -------
Pro forma fixed charges $ 18,258 $ 8,051
======== =======
Pro forma ratio of earnings to
fixed charges 0.7 1.0
======== =======
Based on the pro forma combined
results of the Company and its
acquisitions and the combined
fixed charges
Pro forma earnings, as above $ 18,109 $ 8,885
======== ========
Pro forma fixed charges, as above $ 6,932 $ 5,200
Additional interest as a result of
the Recapitalization discussed
herein 12,547 2,963
Reduction of interest expense as
a result of the repayment of the
existing debt (5,271) (1,194)
-------- -------
Pro forma fixed charges $ 14,208 $ 6,969
======== =======
Pro forma ratio of earnings to
fixed charges 1.3 1.3
======== =======