Rohr Inc – ‘10-K’ for 7/31/97 – EX-11.2

As of:  Tuesday, 9/16/97   ·   For:  7/31/97   ·   Accession #:  1017062-97-1718   ·   File #:  1-06101

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Form 10-K / Dated July 31, 1997                       29    152K 
 2: EX-4.5.1    Amended Note Agreement Dated July 31, 1997             4     16K 
 3: EX-10.15.10  Amended Sublease Agreement Dated July 18, 1997        4     17K 
 4: EX-11.1     Primary Earnings Per Share                             1      9K 
 5: EX-11.2     Fully Diluted Earnings Per Share                       2±    12K 
 6: EX-13       Annual Report Dated July 31, 1997                     50    214K 
 7: EX-23       Consent of Deloitte & Touche                           1      6K 
 8: EX-23.1     Report of Deloitte & Touche                            1      7K 
 9: EX-27       Financial Data Schedule                                2      8K 

EX-11.2   —   Fully Diluted Earnings Per Share

EX-11.2
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
                                                                    Exhibit 11.2

ROHR, INC., AND SUBSIDIARIES  
CALCULATION OF FULLY DILUTED NET INCOME PER SHARE OF COMMON STOCK 
(in thousands except per share data)  

                                                        [Enlarge/Download Table]

                                                                      Year ended July 31,                      
                                                  ------------------------------------------------------------ 
                                                    1997         1996         1995        1994          1993   
                                                  --------     ----------   ----------  ----------   --------- 
                                                               (Restated)   (Restated)  (Restated)   (Restated)
                                                                                                               

Net income (loss) from continuing                                                                              
  operations before cumulative effect                                                                          
  of accounting changes applicable to primary                                                                  
  earnings per common share                       ($3,368)      $22,278      $20,211     $23,341      ($26,488)

Add back interest and issue expense on                                                                         
   convertible debentures, net of tax                                                                          
   adjustment                                         961         1,856        2,720       5,477         4,941 
                                                  --------      -------      -------     -------     --------- 
Adjusted income (loss) from continuing                                                                         
  operations before cumulative effect                                                                          
  of accounting changes applicable to                                                                          
  common stock on a fully diluted basis            (2,407)       24,134       22,931      28,818       (21,547)

Income (loss) from discontinued operations,                                                                    
  net of taxes                                                                 3,879       2,259        (6,324)

Loss from extraordinary item, net of taxes         (2,654)                    (1,146)                          

Cumulative effect of accounting changes -                                                                      
  net of taxes                                                                                        (223,950)
                                                  --------      -------      -------     -------     --------- 
Net income (loss) applicable to fully                                                                          
  diluted earnings per share                      ($5,061)      $24,134      $25,664     $31,077     ($251,821)
                                                  =======       =======      =======     =======     ========= 

Average number of shares outstanding on a                                                                      
  fully diluted basis:                                                                                         
   Shares used in calculating primary                                                                          
    earnings per share                             25,467        20,814       18,213      18,062        17,909 
   Unexercised options                                259           280          375                           
   Shares on conversion of 7.00% debentures                                                2,674         2,674 
   Shares on conversion of 7.75% debentures         1,903         1,905        5,556       1,157               
                                                  --------      -------      -------     -------     --------- 
Average number of shares outstanding on a                                                                      
  fully diluted basis                              27,629        22,999       24,144      21,893        20,583 
                                                  =======       =======      =======     =======     ========= 

Fully diluted net income (loss) per common                                                                     
  share before extraordinary item and cumulative                                                               
  effect of accounting changes                     ($0.09)        $1.05        $0.95       $1.32        ($1.04)

Income (loss) from discontinued operations,                                                                    
  net of taxes                                                                  0.16        0.10         (0.31)

Extraordinary item, net of taxes                    (0.09)                     (0.05)                          

Loss from cumulative effect of accounting                                                                      
  changes - net of taxes                                                                                (10.88)
                                                  -------       -------      -------     -------     --------- 
Fully diluted net income (loss) per                                                                            
  average common share                             ($0.18)        $1.05        $1.06       $1.42       ($12.23)
                                                  =======       =======      =======     =======     ========= 

Note:                                                                           

The fully diluted net income (loss) per average share for the twelve months     
ended July 31, 1996 and 1995, excludes the assumed conversion of those          
securities that results in improvement of earnings per share. The assumed       
conversion of the convertible debentures for prior years were antidilutive,     
hence primary earnings per share are presented for these periods in the         
Company's Consolidated Statement of Earnings.                                   

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		9/16/97
For Period End:		7/31/97		10-K/A,  11-K
		7/31/96		10-K,  11-K
		7/31/95		10-K,  11-K
				List all Filings