DECRANE AIRCRAFT HOLDINGS, INC. CALCULATION OF EARNINGS PER COMMON SHARE PRO FORMA FOR RECAPITALIZATION Year Ended Nine Months 31-Dec-95 30-Sep-96 Common shares outstanding at beginning of the year 301,840 301,840 Common stock equivalents 5,368,483 5,368,483 Impact of cheap stock for options, warrants & preferred stock 4,065,938 4,065,938 Treasury stock repurchase (115,177) (115,177) -------------- -------------- Pro forma weighted average number of shares outstanding 9,621,084 9,621,084 Reverse stock split (.28357 for 1) 0.28357 0.28357 -------------- -------------- Pro forma weighted average number of shares outstanding 2,728,251 2,728,251 Net loss (4,003,000) (1,941,000) Pro forma net loss per common share $ (1.47) $ (0.71) -------------- -------------- -------------- --------------