EXHIBIT 11.2 ROHR, INC. AND SUBSIDIARIES --------------------------- CALCULATION OF FULLY DILUTED NET INCOME PER SHARE OF COMMON STOCK ----------------------------------------------------------------- (in thousands except per share data) Year Ended July 31, ----------------------------------------------------- 1994 1993 1992 1991 1990 -------- ---------- ------- -------- -------- Net Income (loss) from continuing operations before cumulative effect of accounting changes applicable to primary earnings per common share $ 4,669 $ (24,257) $ 996 $28,566 $ (442) Add back interest and issue expense on convertible debentures, net of tax adjustment 5,477 4,941 4,941 4,930 4,926 ------- --------- ------- ------- ------- Adjusted income (loss)from continuing operations before cumulative effect of accounting changes applicable to common stock on a fully diluted basis 10,146 (19,316) 5,937 33,496 4,484 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) ------- --------- ------- ------- ------- Net income (loss) applicable to fully diluted earnings per share $12,404 $(249,590) $ 6,396 $35,447 $ 4,965 ======= ========= ======= ======= ======= Average number of shares outstanding on a fully diluted basis: Shares used in calculating primary earnings per share 18,062 17,909 17,710 17,525 17,787 Unexercised options 4 2 Shares on conversion of 7% debentures 2,674 2,674 2,674 2,674 2,674 Shares on conversion of 7.75% debentures 1,157 Average number of shares outstanding on a fully diluted basis 21,893 20,583 20,388 20,201 20,461 ======= ========= ======= ======= ======= Fully diluted net income (loss) per common share before cumulative effect of accounting changes $ 0.47 $ (0.94) $ 0.29 $ 1.66 $ 0.22 Income (loss) from discontinued operations, net of taxes 0.10 (0.31) 0.02 0.09 0.02 Loss from cumulative effect of accounting changes, net of taxes (10.88) ------- --------- ------- ------- ------- Fully diluted net income (loss) per average common share $ 0.57 $ (12.13) $ 0.31 $ 1.75 $ 0.24 ======= ========= ======= ======= ======= Note: Fully diluted net income (loss) per average share is not presented in the - - ---- Company's Consolidated Statements of Operations as the effect of the assumed conversion of the Company's convertible debentures was anti- dilutive.