EXHIBIT 11.1
ROHR, INC. AND SUBSIDIARIES
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CALCULATION OF PRIMARY NET INCOME PER SHARE OF COMMON STOCK
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(in thousands except per share data)
Year Ended July 31,
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1994 1993 1992 1991 1990
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Net Income (loss) from
continuing operations before
cumulative effect of accounting
changes $ 4,669 $ (24,257) $ 996 $28,566 $ (442)
Income (loss) from discontinued
operations, net of taxes 2,258 (6,324) 459 1,951 481
Cumulative effect of accounting
changes, net of taxes - (223,950) - - -
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Net income (loss) applicable to
primary earnings per common
share $ 6,927 (254,531) $ 1,455 $30,517 $ 39
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Common stock and common stock
equivalents:
Average shares of common stock
outstanding during the year 18,017 17,908 17,647 17,502 17,752
Net effect of common stock
equivalents (principally
stock options and rights) 45 1 63 23 35
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Total common stock and common
stock and equivalents 18,062 17,909 17,710 17,525 17,787
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Net income (loss) per average
share of common stock:
Net income (loss) from
continuing operations before
cumulative effect of
accounting changes $ 0.26 $ (1.35) $ 0.05 $ 1.63 $ (0.02)
Income (loss) from
discontinued operations, net
of taxes 0.12 (0.36) 0.03 0.11 0.02
Cumulative effect of
accounting changes - net of
taxes (12.50)
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Primary net income (loss) per
share $ 0.38 $ (14.21) $ 0.08 $ 1.74 $ 0.00
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