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 earnings per share data)
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SECOND QUARTER ENDED SIX MONTHS ENDED
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JAN. 28, JAN. 29, JAN. 28, JAN. 29,
1996 1995 1996 1995
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Net income from continuing operations
applicable to primary earnings per
common share $ 205 $ 3,252 $ 687 $ 4,621
Add back interest and issue expense on
convertible debentures and notes -
net of tax adjustment 588 699 1,278 1,400
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Adjusted income from continuing
operations applicable to common
stock on a fully diluted basis 793 3,951 1,965 6,021
Income from discontinued operations -
net of taxes - 337 - 835
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Net income applicable to fully diluted
earnings per share $ 793 $ 4,288 $ 1,965 $ 6,856
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Average number of shares outstanding on
a fully diluted basis:
Shares used in calculating primary earnings
per share 19,492 18,088 19,090 18,113
Unexercised options 145 170 129 143
Shares issuable on conversion of debentures
and notes 2,838 5,555 2,838 5,555
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Average number of shares outstanding on
a fully diluted basis 22,475 23,813 22,057 23,811
========= ======== ======== ========
Fully diluted net income per share from
continuing operations $ 0.04 $ 0.17 $ 0.09 $ 0.25
Income from discontinued operations -
net of taxes - 0.01 - 0.04
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Fully diluted net income per
average common share $ 0.04 $ 0.18 $ 0.09 $ 0.29
========= ======== ======== ========
Note:
Fully diluted net income per average common share is not presented in the
Company's Consolidated Statements of Operations for the three-months and six-
months periods ending January 28, 1996, as the effect of the assumed conversion
of the Company's convertible debentures and notes was anti-dilutive.
EXHIBIT 11.2
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