EX-12 2 cmw1272b.htm COMPUTATION OF RATIOS

Exhibit 12  


Statement regarding Computation of Ratio of Earnings for Fixed Charges

REGAL-BELOIT Corporation
Ratio of Earnings to Fixed Charges
($000)


Year Ended
9-Months Ended
12/31/1999

12/31/00

12/31/2001

12/31/2002

12/31/2003
9/30/2003

9/28/2004

Pre-tax Income
    $ 63,254   $ 56,550   $ 34,042   $ 37,977   $ 40,843   $ 30,123   $ 35,600  


Add: Fixed Charges -  
     Interest Expense   $ 9,406   $ 15,332   $ 22,239   $ 9,399   $ 6,462   $ 4,907   $ 4,558  
     mortized Debt Expenses   $ 230   $ 475   $ 1,104   $ 1,040   $ 1,058   $ 787   $ 1,197  
     Portion of Rent Expense   
        Representative of Interest (30%)   $ 1,257   $ 1,480   $ 2,194   $ 2,078   $ 2,129   $ 1,595   $ 1,629  


Total Fixed Charges   $ 10,893   $ 17,287   $ 25,537   $ 12,517   $ 9,649   $ 7,289   $ 7,384  



Earnings Available for Fixed Charges
   $ 74,147   $ 73,837   $ 59,579   $ 50,494   $ 50,492   $ 37,412   $ 42,984  
Fixed Charges   $ 10,893   $ 17,287   $ 25,537   $ 12,517   $ 9,649   $ 7,289   $ 7,384  


Ratio of Earnings to Fixed Charges    6.81    4.27    2.33    4.03    5.23    5.13    5.82