EXHIBIT 11.2 ROHR, INC. AND SUBSIDIARIES --------------------------- CALCULATION OF FULLY DILUTED NET INCOME PER SHARE ------------------------------------------------- OF COMMON STOCK - UNAUDITED --------------------------- (in thousands except for earnings per share data) ------------------------------------------------- THIRD QUARTER ENDED NINE MONTHS ENDED --------------------- --------------------- APRIL 28, APRIL 30, APRIL 28, APRIL 30, 1996 1995 1996 1995 --------- --------- --------- --------- Net income from continuing operations applicable to primary earnings per common share $ 4,130 $ 2,573 $ 4,817 $ 7,194 Add back interest and issue expense on convertible debentures and notes - net of tax adjustment 283 677 1,561 2,035 ------- ------- ------- ------- Adjusted income from continuing operations applicable to common stock on a fully diluted basis 4,413 3,250 6,378 9,229 Income from discontinued operations - net of taxes - 87 - 922 ------- ------- ------- ------- Net income applicable to fully diluted earnings per share $ 4,413 $ 3,337 $ 6,378 $10,151 ======= ======= ======= ======= Average number of shares outstanding on a fully diluted basis: Shares used in calculating primary earnings per share 22,312 18,198 20,168 18,141 Unexercised options 24 64 92 118 Shares issuable on conversion of debentures and notes 2,291 5,555 2,291 5,555 ------- ------- ------- ------- Average number of shares outstanding on a fully diluted basis 24,627 23,817 22,551 23,814 ======= ======= ======= ======= Fully diluted net income per share from continuing operations $ 0.18 $ 0.14 $ 0.28 $ 0.39 Income from discontinued operations - net of taxes - - - 0.04 ------- ------- ------- ------- Fully diluted net income per average common share $ 0.18 $ 0.14 $ 0.28 $ 0.43 ======= ======= ======= ======= Note: Fully diluted net income per average common share is not presented in the Company's Consolidated Statements of Operations for the nine months period ending April 28, 1996, as the effect of the assumed conversion of the Company's convertible debentures and notes was anti-dilutive. Page 15