ROHR, INC. AND SUBSIDIARIES
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CALCULATION OF FULLY DILUTED NET INCOME PER SHARE
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OF COMMON STOCK - UNAUDITED
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(in thousands except for share data)
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THREE MONTHS ENDED SIX MONTHS ENDED
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JAN. 29, JAN. 30, JAN. 29, JAN. 30,
1995 1994 1995 1994
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Net income from continuing operations
applicable to primary earnings per
common share $ 3,252 $ 1,341 $ 4,621 $ 7,102
Add back interest and issue expense on
convertible debentures and notes, net of
tax adjustment 699 1,234 1,400 2,459
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Adjusted income from continuing
operations applicable to common
stock on a fully diluted basis 3,951 2,575 6,021 9,561
Income from discontinued operations,
net of taxes 337 331 835 633
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Net income applicable to fully diluted
earnings per share $ 4,288 $ 2,906 $ 6,856 $10,194
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Average number of shares outstanding on
a fully diluted basis:
Shares used in calculating primary earnings
per share 18,088 18,117 18,113 18,028
Unexercised options 170 -- 143 --
Shares issuable on conversion of debentures
and notes 5,555 2,674 5,555 2,674
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Average number of shares outstanding
on a fully diluted basis 23,813 20,791 23,811 20,702
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Fully diluted net income per
share from continuing operations $ 0.17 $ 0.12 $ 0.25 $ 0.46
Income from discontinued operations,
net of taxes 0.01 0.02 0.04 0.03
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Fully diluted net income per
average common share $ 0.18 $ 0.14 $ 0.29 $ 0.49
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Note:
The fully diluted earnings per share for the three-months and six-months
periods ended January 29, 1995, excludes the assumed conversion of those
securities that results in improvement of earnings per share. The assumed
conversion of the Company's convertible debentures for the three-months and
six-months periods ended January 30, 1994, were anti-dilutive, hence primary
earnings per share are presented for these periods in the Company's
Consolidated Statements of Earnings.
EXHIBIT 11.2