ROHR, INC. AND SUBSIDIARIES --------------------------- CALCULATION OF FULLY DILUTED NET INCOME PER SHARE ------------------------------------------------- OF COMMON STOCK - UNAUDITED --------------------------- (in thousands except for share data) ------------------------------------ Three Months Ended Six Months Ended -------------------- -------------------- Jan. 30, Jan. 31, Jan. 30, Jan. 31, 1994 1993 1994 1993 -------- ---------- --------- ---------- (Restated) (Restated) Net income (loss) before cumulative effect of accounting changes applicable to primary earnings per common share $ 1,672 $(12,098) $ 7,735 $ (8,515) Add back interest and issue expense on convertible debentures, net of tax adjustment 1,234 1,228 2,459 2,484 ------- -------- ------- --------- Adjusted net income before cumulative effect of accounting changes applicable to common stock on a fully diluted basis 2,906 (10,870) 10,194 (6,031) Cumulative effect of accounting changes, net of taxes (223,950) ------- -------- ------- --------- Net income (loss) applicable to fully diluted earnings per share $ 2,906 $(10,870) $10,194 $(229,981) ======= ======== ======= ========= Average number of shares outstanding on a fully diluted basis: Shares used in primary earnings per share 18,117 17,897 18,028 17,884 Unexercised options 1 Shares on conversion of debentures 2,674 2,674 2,674 2,674 ------- -------- ------- --------- Average number of shares outstanding on a fully diluted basis 20,791 20,571 20,702 20,559 ======= ======== ======= ========= Fully diluted net income (loss) per common share before cumulative effect of accounting changes $ 0.14 $ (0.53) $ 0.49 $ (0.30) Loss from cumulative effect of accounting changes, net of taxes (10.89) ------- -------- ------- --------- Fully diluted net income (loss) per common share $ 0.14 $ (0.53) $ 0.49 $ (11.19) ======= ======== ======= ========= Note: The assumed conversion of the Company's convertible debentures were anti- dilutive or did not have a materially dilutive impact on earnings per share, hence only primary earnings per share is presented in the Company's Consolidated Financial Statements. EXHIBIT 11.2