Exhibit 11.1
ROHR, INC. AND SUBSIDIARIES
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CALCULATION OF PRIMARY NET INCOME PER SHARE OF COMMON STOCK
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(in thousands except per share data)
Year Ended July 31,
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1996 1995 1994 1993 1992
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Net income (loss) from continuing operations before
extraordinary item and cumulative effect of accounting
changes $ 3,228 $ 8,493 $ 4,669 $ (24,257) $ 996
Income (loss) from discontinued operations, net of taxes 3,879 2,258 (6,324) 459
Loss from extraordinary item, net of taxes (1,146)
Cumulative effect of accounting changes, net of taxes (223,950)
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Net income (loss) applicable to primary earnings per
common share $ 3,228 $11,226 $ 6,927 $(254,531) $ 1,455
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Common stock and common stock equivalents:
Average shares of common stock outstanding during the year 20,157 18,055 18,017 17,908 17,647
Net effect of common stock equivalents (principally stock
options and rights) 657 158 45 1 63
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Total common stock and common stock equivalents 20,814 18,213 18,062 17,909 17,710
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Net income (loss) per average share of common stock:
Net income (loss) from continuing operations before
extraordinary item and cumulative effect of accounting
changes $ 0.16 $ 0.47 $ 0.26 $ (1.35) $ 0.05
Income (loss) from discontinued operations, net of taxes 0.21 0.12 (0.36) 0.03
Extraordinary item, net of taxes (0.06)
Cumulative effect of accounting changes - net of taxes (12.50)
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Primary net income (loss) per share $ 0.16 $ 0.62 $ 0.38 $ (14.21) $ 0.08
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