content_image/117122.jpg content_image/117129.jpg content_image/117130.jpg content_image/117136.jpg
A reconciliation of the total reportable segments’ operating profit to income before income taxes follows: 

<img src='content_image/117122.jpg'>

<img src='content_image/117129.jpg'>

## Operations by Geographic Area 

<img src='content_image/117130.jpg'>

## Notes: 

International sales derived from any one country did not exceed 10% of the Company’s total revenues. 

Intergeographical sales are equally distributed between domestic and international. 

## 18. Commitments and Contingencies 

## Leases 

The Company has various noncancellable operating leases for buildings, office space and equipment. As discussed in Note 9, the Company assumed certain debt related to capital leases with the acquisition of Spectrum. The balance of this debt at December 31, 2002, was $2,350. Rent expense was $10,257, $9,942 and $9,127 for 2002, 2001 and 2000, respectively. Minimum rental commitments under noncancellable leases in years 2003 through 2007 are $7,784, $6,816, $5,776, $4,843 and $1,960 and $7,187 thereafter. 

## Retirement Savings Plan 

The Company continues to guarantee a minimum rate of return on certain pre-April 2001 assets of its 401(k) Retirement Savings Plan (the Plan). This guarantee will become a liability for the Company only if, and to the extent that, the value of the related Company stock does not cover the guaranteed asset value when an employee who had invested in the Barnes Group stock investment election or vested in the Company match, which is paid in Barnes Group stock, withdraws from the Plan. 

The following table provides a number of hypothetical market values of the Company’s stock compared to the estimated guarantee amounts based on those market values: 

<img src='content_image/117136.jpg'>

At December 31, 2002, the value of the Company’s guarantee on these assets was approximately $320. 

