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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Jan. 01, 2011	Jan. 31, 2011
Document and Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 01, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Registration Name	RBC Bearings INC
Calendar Index Key	0001324948
Current Fiscal Year End Date	--04-02
Filer Category	Large Accelerated Filer
Common Stock Shares Outstanding		22,074,211

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 01, 2011	Apr. 03, 2010
ASSETS
Cash and cash equivalents	$ 52,705	$ 21,389
Short-term investments	8,070	7,234
Accounts receivable, net of allowance for doubtful accounts of $1,562 at January 1, 2011 and $1,242 at April 3, 2010	53,243	53,978
Inventory	139,588	136,366
Deferred income taxes	7,982	6,249
Prepaid expenses and other current assets	5,936	9,287
Total current assets	267,524	234,503
Property, plant and equipment, net	87,953	89,537
Goodwill	34,713	34,713
Intangible assets, net of accumulated amortization of $7,420 at January 1, 2011 and $6,354 at April 3, 2010	12,231	12,665
Other assets	5,524	4,537
Total assets	407,945	375,955
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	20,306	18,897
Accrued expenses and other current liabilities	14,689	11,439
Current portion of long-term debt	30,617	1,453
Total current liabilities	65,612	31,789
Long-term debt, less current portion	750	37,000
Deferred income taxes	6,130	5,922
Other non-current liabilities	16,990	17,697
Total liabilities	89,482	92,408
Stockholders' equity:
Preferred stock, $.01 par value; authorized shares: 10,000,000 at January 1, 2011 and April 3, 2010; none issued and outstanding
Common stock, $.01 par value; authorized shares: 60,000,000 at January 1, 2011 and April 3, 2010; issued and outstanding shares: 22,053,411 at January 1, 2011 and 21,902,761 shares at April 3, 2010	221	219
Additional paid-in capital	195,777	189,496
Accumulated other comprehensive gain (loss)	2,399	(1,672)
Retained earnings	125,528	100,527
Treasury stock, at cost, 183,676 shares at January 1, 2011 and 170,338 shares at April 3, 2010	(5,462)	(5,023)
Total stockholders' equity	318,463	283,547
Total liabilities and stockholders' equity	$ 407,945	$ 375,955

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 01, 2011	Apr. 03, 2010
Consolidated Balance Sheets
Allowance for doubtful accounts	$ 1,562	$ 1,242
Intangible assets, accumulated amortization	$ 7,420	$ 6,354
Preferred Stock
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized shares	10,000,000	10,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common Stock
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized shares	60,000,000	60,000,000
Common stock, issued shares	22,053,411	21,902,761
Common stock, outstanding shares	22,053,411	21,902,761
Treasury Stock
Treasury stock, shares	183,676	170,338

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 01, 2011	Dec. 26, 2009	Jan. 01, 2011	Dec. 26, 2009
Consolidated Statements of Operations
Net sales	$ 81,258	$ 67,481	$ 246,727	$ 194,870
Cost of sales	55,294	47,042	167,272	135,434
Gross margin	25,964	20,439	79,455	59,436
Operating expenses:
Selling, general and administrative	13,328	11,936	38,808	34,687
Other, net	432	364	508	1,594
Total operating expenses	13,760	12,300	39,316	36,281
Operating income	12,204	8,139	40,139	23,155
Interest expense, net	375	394	1,165	1,323
Other non-operating expense (income)	456	(202)	1,273	(442)
Income before income taxes	11,373	7,947	37,701	22,274
Provision for income taxes	3,987	2,698	12,700	7,554
Net income	$ 7,386	$ 5,249	$ 25,001	$ 14,720
Net income per common share:
Basic	$ 0.34	$ 0.24	$ 1.16	$ 0.68
Diluted	$ 0.33	$ 0.24	$ 1.14	$ 0.68
Weighted average common shares:
Basic	21,690,144	21,596,344	21,641,997	21,590,362
Diluted	22,113,754	21,768,570	22,027,525	21,735,512

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jan. 01, 2011	Dec. 26, 2009
Cash flows from operating activities:
Net income	$ 25,001	$ 14,720
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	8,712	7,971
Excess tax benefits from deferred compensation	(824)	(29)
Deferred income taxes	(1,665)	(3,847)
Amortization of intangible assets	1,055	984
Amortization of deferred financing costs	220	154
Stock-based compensation	3,040	2,278
(Gain) loss on disposition or sale of assets	(1,066)	29
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	1,506	18,548
Inventory	(2,355)	(1,937)
Prepaid expenses and other current assets	3,407	3,766
Other non-current assets	(453)	(1,411)
Accounts payable	1,125	(4,682)
Accrued expenses and other current liabilities	3,750	(2,318)
Other non-current liabilities	(1,078)	747
Net cash provided by operating activities	40,375	34,973
Cash flows from investing activities:
Purchase of property, plant and equipment	(7,252)	(7,508)
Purchase of short-term investments	(1,693)	(6,263)
Acquisition of businesses, net of cash acquired		(1,924)
Proceeds from sale or maturities of short-term investments	857
Proceeds from sale of assets	2,379
Net cash used in investing activities	(5,709)	(15,695)
Cash flows from financing activities:
Net decrease in revolving credit facility	(7,000)	(15,000)
Exercise of stock options	2,420	7
Excess tax benefits from stock-based compensation	824	29
Repurchase of common stock	(439)	(788)
Financing fees paid in connection with senior credit facility	(1,389)
Other, net	(273)	(440)
Net cash used in financing activities	(5,857)	(16,192)
Effect of exchange rate changes on cash	2,507	514
Cash and cash equivalents:
Increase during the period	31,316	3,600
Cash, at beginning of period	21,389	30,557
Cash, at end of period	52,705	34,157
Supplemental disclosures of cash flow information:
Interest	916	1,168
Income taxes	$ 9,287	$ 7,475

Acquisition and Disposition	9 Months Ended
Acquisition and Disposition	Jan. 01, 2011
Acquisition and Disposition
Acquisition and Disposition	1. Acquisition and Disposition On September 29, 2009, RBC Lubron Bearing Systems, Inc. acquired certain assets of Lubron Bearing Systems, a manufacturer of highly engineered self-lubricating bearings used in bridge building, power generation, subsea oil production and earthquake seismic isolation, located in Huntington Beach, California for $2,976. The purchase price included $1,943 in cash, a $775 note payable and the assumption of certain liabilities. The purchase price allocation is as follows: inventory ($103), fixed assets ($829), goodwill ($1,713) and intangible assets ($331). The products associated with the acquisition are complementary with products already provided by other Company businesses. Lubron is included in the Plain Bearings segment. Profo rma net sales and net income inclusive of Lubron are not materially different from the amounts as reported in the accompanying consolidated statements of operations. On June 28, 2010, RBC France SAS, a subsidiary of Schaublin SA, sold certain assets relating to its J. Bovagnet sales branch. The assets sold included the trade name, inventory, equipment, and a building. Simultaneously, Schaublin SA entered into a long-term distribution agreement for the continued distribution of Schaublin products by the J. Bovagnet sales operation into a defined territory. A gain in the amount of $1.1 million was realized from the sale of the assets in the three month period ended July 3, 2010.

Net Income Per Common Share

9 Months Ended

Jan. 01, 2011

Net Income Per Common Share

Net Income Per Common Share

2. Net Income Per Common Share

Basic net income per common share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding.

Diluted net income per common share is computed by dividing net income by the sum of the weighted-average number of common shares and dilutive common share equivalents then outstanding using the treasury stock method. Common share equivalents consist of the incremental common shares issuable upon the exercise of stock options.

The table below reflects the calculation of weighted-average shares outstanding for each period presented as well as the computation of basic and diluted net income per common share:

	Three Months Ended				Nine Months Ended
	January 1, 2011		December 26, 2009		January 1, 2011		December 26, 2009

Net income	$	7,386	$	5,249	$	25,001	$	14,720

Denominator for basic net income per common share—weighted-average shares outstanding		21,690,144		21,596,344		21,641,997		21,590,362
Effect of dilution due to employee stock options and unvested restricted stock shares		423,610		172,226		385,528		145,150
Denominator for diluted net income per common share — weighted-average shares outstanding		22,113,754		21,768,570		22,027,525		21,735,512

Basic net income per common share	$	0.34	$	0.24	$	1.16	$	0.68

Diluted net income per common share	$	0.33	$	0.24	$	1.14	$	0.68

Basic weighted-average common shares do not include 107,645 and 132,225 unvested restricted stock shares at January 1, 2011 and December 26, 2009, respectively.

At January 1, 2011, 33,000 employee stock options have been excluded from the calculation of diluted earnings per share, as the inclusion of these shares would be anti-dilutive. 1,144,700 such options were excluded at December 26, 2009.

Cash and Cash Equivalents	9 Months Ended
Cash and Cash Equivalents	Jan. 01, 2011
Cash and Cash Equivalents
Cash and Cash Equivalents	3. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Short-term Investments	9 Months Ended
Short-term Investments	Jan. 01, 2011
Short-term Investments
Short-term Investments	4. Short-term Investments Short-term investments include corporate bonds that are classified as available-for-sale expected to be sold within the next twelve months. These bonds, with an amortized basis of $7,670 and $7,043 at January 1, 2011 and April 3, 2010 respectively, and with maturity dates ranging from March 2011 to November 2016, were measured at fair value by using quoted prices in active markets for identical assets and are classified as Level 1 of the valuation hierarchy. The impact of these investments on results of operations and financial position was not significant.

Inventory

9 Months Ended

Jan. 01, 2011

Inventory

Inventory

5. Inventory

Inventories are stated at the lower of cost or market, using the first-in, first-out method, and are summarized below:

	January 1, 2011		April 3, 2010
Raw materials	$	12,227	$	10,392
Work in process		44,301		42,622
Finished goods		83,060		83,352
	$	139,588	$	136,366

Intangible Assets

9 Months Ended

Jan. 01, 2011

Intangible Assets

Intangible Assets

6. Intangible Assets

		January 1, 2011				April 3, 2010
	Weighted Average Useful Lives	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Product approvals	15	$	6,116	$	1,700	$	6,083	$	1,383
Customer relationships and lists	10		5,545		2,466		5,538		2,144
Trade names	11		1,382		806		1,380		709
Distributor agreements	5		722		722		722		722
Patents and trademarks	13		4,472		812		3,884		530
Domain names	12		437		113		437		80
Other	5		977		801		975		786
Total		$	19,651	$	7,420	$	19,019	$	6,354

Amortization expense for definite-lived intangible assets for the three and nine month periods ended January 1, 2011 was $357 and $1,055, respectively. For the three and nine month periods ended December 26, 2009, amortization expense was $340 and $984, respectively. Estimated amortization expense for the remaining three months of fiscal 2011, the four succeeding fiscal years and thereafter is as follows:

2011	$	355
2012		1,425
2013		1,427
2014		1,330
2015		1,329
2016 and thereafter		6,365

Comprehensive Income

9 Months Ended

Jan. 01, 2011

Comprehensive Income

Comprehensive Income

7. Comprehensive Income

Total comprehensive income is as follows:

	Three Months Ended						Nine Months Ended
	January 1, 2011			December 26, 2009			January 1, 2011			December 26, 2009
Net income	$	7,386		$	5,249		$	25,001		$	14,720
Net prior service pension cost and actuarial losses, net of taxes		(73	)		16			(212	)		48
Change in fair value of derivatives, net of taxes		155			83			391			237
Unrealized loss on investments, net of taxes		(30	)		5			(71	)		77
Foreign currency translation adjustments		1,196			(831	)		3,963			2,539
Total comprehensive income	$	8,634		$	4,522		$	29,072		$	17,621

Debt

9 Months Ended

Jan. 01, 2011

Debt

Debt

8. Debt

The balances payable under all borrowing facilities are as follows:

	January 1, 2011		April 3, 2010
JP Morgan Credit Agreement, five-year senior secured revolving credit facility; amounts outstanding bear interest at LIBOR (0.3125% at January 1, 2011), plus a specified margin	$	30,000	$	—
KeyBank Credit Agreement, five-year senior secured revolving credit facility; amounts outstanding bear interest at LIBOR (0.25% at April 3, 2010), plus a specified margin		—		37,000
Note payable		1,367		1,453
Total debt		31,367		38,453
Less: current portion		30,617		1,453
Long-term debt	$	750	$	37,000

On November 30, 2010, the Company and RBCA terminated the previous credit agreement and the related credit, security and ancillary agreements, and entered into a new credit agreement (the "JP Morgan Credit Agreement") and related security and guaranty agreements with certain banks, J.P. Morgan Chase Bank, N.A., as Administrative Agent, and J.P. Morgan Chase Bank, N.A. and KeyBank National Association as Co-Lead Arrangers and Joint Lead Book Runners. The JP Morgan Credit Agreement provides RBCA, as borrower, with a $150,000 five-year senior secured revolving credit facility which can be increased by up to $100,000, in increments of $25,000, under certain circumstances and subject to certain conditions (including the receipt from one or more lender s of the additional commitment).

Amounts outstanding under the JP Morgan Credit Agreement generally bear interest at the prime rate or LIBOR plus a specified margin, depending on the type of borrowing being made. The applicable margin is based upon the Company's consolidated ratio of net debt to adjusted EBITDA from time to time. As of January 1, 2011, the Company's margin is 0.5% for prime rate loans and 1.5% for LIBOR rate loans.

On November 30, 2010, the Company borrowed approximately $30,000 under the JP Morgan Credit Agreement and used such funds to repay the approximately $30,000 balance outstanding under the KeyBank Credit Agreement. Amounts outstanding under the new credit agreement are generally due and payable on the expiration date of November 30, 2015. The Company may elect to prepay some or all of the outstanding balance from time to time without penalty.

The JP Morgan Credit Agreement requires the Company to comply with various covenants, including among other things, financial covenants to maintain the following: (1) a ratio of consolidated net debt to adjusted EBITDA not to exceed 3.25 to 1; and (2) a consolidated fixed charge coverage ratio not to exceed 1.5 to 1. The credit agreement allows the Company to, among other things, make distributions to shareholders, repurchase its stock, incur other debt or liens, or acquire or dispose of assets provided that the Company complies with certain requirements and limitations of the agreement.

On January 8, 2008, the Company entered into an interest rate swap agreement with a total notional value of $30,000 to hedge a portion of its variable rate debt. Under the terms of the agreement, the Company pays interest at a fixed rate (3.64%) and receives interest at variable rates. The maturity date of the interest swap is June 24, 2011. The fair value of this swap at January 1, 2011 and April 3, 2010 was a liability of $488 and $1,131 respectively, included in other current liabilities, and was measured using observable market inputs such as yield curves. Based on these inputs, the swap is classified as a Level 2 of the valuation hierarchy. This instrument is designated and qualifies as a cash flow hedge. Accordingly, the gain or loss on the hedging instrument is recognized in other comprehensive income and reclassified into earnings contemporaneously with the earnings effect of the hedged transaction. Earnings effect and the hedged item are reported in interest expense.

It is the Company's intent to pay off the $30,000 outstanding under the revolving credit facility when the interest rate swap agreement matures in June 2011. As a result, the $30,000 borrowing is included in the current portion of long-term debt.

Income Taxes	9 Months Ended
Income Taxes	Jan. 01, 2011
Income Taxes
Income Taxes	9. Income Taxes The Company files income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. With few exceptions, the Company is no longer subject to state or foreign income tax examinations by tax authorities for years ending before March 31, 2004. A U.S. federal tax examination by the Internal Revenue Service for the years ended March 31, 2007 and March 31, 2008 was completed during the three month period ended July 3, 2010. As a result of the audit, the Company recognized certain previously unrecognized tax benefits of $481 in the three month period ended July 3, 2010 on the basis that the related tax positions have been effectively settled. The Company maintains reserves for certain other unrecognized tax benefits of $2,525 related to this matt er based on management's judgment that the related tax positions have not yet been effectively settled. Management expects such tax positions to be settled by the end of the Company's fiscal year ending March 31, 2012. The effective income tax rates for the three and nine month periods ended January 1, 2011 and December 26, 2009 were 35.1% and 33.9% and 33.7% and 33.9%, respectively. The effective income tax rate for the nine month period ended January 1, 2011 of 33.7% includes the reversal of unrecognized tax benefits of $481 associated with the conclusion of the Company's IRS audit. The effective income tax rate for the nine month period ended January 1, 2011 without this discrete item would have been 35.2%. The effective income tax rates for the three and nine month periods ended January 1, 2011 are different from the U.S. statutory rate due to a special manufacturing deduction in the U.S., which decreases the rates, and state income taxes which increase the rates. In addition to the above, the effective tax rates for the three and nine month periods ended December 26, 2009 are different from the U.S. statutory rate due to a tax holiday relating to the Schaublin facility in Switzerland, which decreases the rates. This holiday expired in March 2010.

Segment Information

9 Months Ended

Jan. 01, 2011

Segment Information

Segment Information

10. Segment Information

The Company has three reportable business segments engaged in the manufacture and sale of the following:

Roller Bearings. Roller bearings are anti-friction bearings that use rollers instead of balls. The Company manufactures four basic types of roller bearings: heavy duty needle roller bearings with inner rings, tapered roller bearings, track rollers and aircraft roller bearings.

Plain Bearings. Plain bearings are produced with either self-lubricating or metal-to-metal designs and consists of several sub-classes, including rod end bearings, spherical plain bearings and journal bearings. Unlike ball bearings, which are used in high-speed rotational applications, plain bearings are primarily used to rectify inevitable misalignments in various mechanical components.

Ball Bearings. The Company manufactures four basic types of ball bearings: high precision aerospace, airframe control, thin section and commercial ball bearings which are used in high-speed rotational applications.

Certain other operating segments do not meet the quantitative thresholds for separate disclosure and their information is combined and disclosed as "Other".

Other. Other consists of three minor operating locations that do not fall into the above segmented categories. The Company's precision machine tool collets provide effective part holding and accurate part location during machining operations. Additionally, the Company provides machining for integrated bearing assemblies and aircraft components for the commercial and defense aerospace markets and tight-tolerance, precision mechanical components for use in the motion control industry.

Segment performance is evaluated based on segment net sales and operating income. Items not allocated to segment operating income include corporate administrative expenses and certain other amounts.

	Three Months Ended						Nine Months Ended
	January 1, 2011			December 26, 2009			January 1, 2011			December 26, 2009
Net External Sales
Roller	$	24,988		$	18,955		$	73,280		$	51,834
Plain		39,919			32,717			123,515			93,979
Ball		9,561			10,112			30,537			33,724
Other		6,790			5,697			19,395			15,333
	$	81,258		$	67,481		$	246,727		$	194,870
Operating Income
Roller	$	6,996		$	4,946		$	20,371		$	14,779
Plain		9,929			7,083			33,630			18,845
Ball		838			1,127			2,268			4,633
Other		1,367			646			4,309			761
Corporate		(6,926	)		(5,663	)		(20,439	)		(15,863	)
	$	12,204		$	8,139		$	40,139		$	23,155
Geographic External Sales
Domestic	$	69,852		$	56,643		$	214,363		$	164,895
Foreign		11,406			10,838			32,364			29,975
	$	81,258		$	67,481		$	246,727		$	194,870
Intersegment Sales
Roller	$	3,099		$	1,894		$	8,589		$	6,255
Plain		457			431			1,308			1,131
Ball		297			768			958			3,471
Other		4,158			3,657			13,595			11,229
	$	8,011		$	6,750		$	24,450		$	22,086

All intersegment sales are eliminated in consolidation.

Pension and Postretirement Plans

9 Months Ended

Jan. 01, 2011

Pension and Postretirement Plans

Pension and Postretirement Plans

11. Pension and Postretirement Plans

The Company has one consolidated noncontributory defined benefit pension plan covering union employees in its Heim division plant in Fairfield, Connecticut and its Bremen subsidiary plant in Plymouth, Indiana and former union employees of the Tyson subsidiary in Glasgow, Kentucky and the Nice subsidiary in Kulpsville, Pennsylvania.

The following table illustrates the components of net periodic benefit cost for the Company's pension benefits:

	Pension Benefits
	Three Months Ended						Nine Months Ended
	January 1, 2011			December 26, 2009			January 1, 2011			December 26, 2009
Components of net periodic benefit cost:
Service cost	$	84		$	82		$	252		$	246
Interest cost		303			321			909			961
Expected return on plan assets		(381	)		(393	)		(1,143	)		(1,180	)
Amortization of prior service cost		13			10			39			30
Amortization of losses		103			4			309			16
Total net periodic benefit cost	$	122		$	24		$	366		$	73

The Company made a voluntary contribution of $500 to the pension plan in the nine month period ended January 1, 2011. The Company made no contributions to the pension plan in the nine month period ended December 26, 2009.

The Company, for the benefit of employees at its Heim, West Trenton and PIC Design facilities and former union employees of its Tyson, Bremen and Nice subsidiaries, sponsors contributory defined benefit health care plans that provide postretirement medical and life insurance benefits to union employees who have attained certain age and/or service requirements while employed by the Company.

The following table illustrates the components of net periodic benefit cost for the Company's other postretirement benefits:

	Other Postretirement Benefits
	Three Months Ended				Nine Months Ended
	January 1, 2011		December 26, 2009		January 1, 2011		December 26, 2009
Components of net periodic benefit cost:
Service cost	$	9	$	11	$	27	$	33
Interest cost		37		49		110		147
Prior service cost amortization		1		9		2		27
Amount of loss recognized		1		2		4		3
Total net periodic benefit cost	$	48	$	71	$	143	$	210

One of the Company's foreign operations, Schaublin, sponsors a pension plan for its approximately 132 employees in conformance with Swiss pension law. The plan is funded with a reputable (S&P rating AA-) Swiss insurer. Through the insurance contract, the Company has effectively transferred all investment and mortality risk to the insurance company, which guarantees the federally mandated annual rate of return and the conversion rate at retirement. As a result, the plan has no unfunded liability; the interest cost is exactly offset by actual return. Thus, the net periodic cost is equal to the amount of annual premium paid by the Company. For the three and nine month periods ended January 1, 2011, the Company made contribution and premium payments equal to $176 and $443, respectively. For the three and nine month periods ended December 26, 2009, the contribution and premium payments equaled $161 and $484, respectively.