EX-11 2 d703082dex11.htm EX-11 EX-11

EXHIBIT 11

ESTERLINE TECHNOLOGIES CORPORATION

Computation of Basic and Diluted Earnings Per Common Share

For the Three and Six Month Periods Ended May 2, 2014 and April 26, 2013

(Unaudited)

(In thousands, except per share amounts)

 

     Three Months Ended      Six Months Ended  
     May 2,
    2014    
    April 26,
    2013    
     May 2,
    2014    
    April 26,
    2013    
 

Net Sales

   $ 529,574      $ 499,562       $ 1,034,554      $ 957,524   

Gross Margin

     182,345        181,376         355,640        341,721   

Net Earnings from Continuing Operations
Attributable to Esterline

   $ 37,247      $ 35,522       $ 67,325      $ 60,633   

Loss from Discontinued Operations
Attributable to Esterline, Net of Tax

     (343     0         (343     0   
  

 

 

   

 

 

    

 

 

   

 

 

 

Net Earnings Attributable to Esterline

   $         36,904      $         35,522       $         66,982      $         60,633   
  

 

 

   

 

 

    

 

 

   

 

 

 

Basic

         

Weighted Average Number of
Shares Outstanding

     31,867        31,100         31,733        31,002   
  

 

 

   

 

 

    

 

 

   

 

 

 

Earnings (Loss) Per Share Attributable to Esterline – Basic:

  

      

Continuing Operations

   $ 1.17      $ 1.14       $ 2.12      $ 1.96   

Discontinued Operations

     (.01     .00         (.01     .00   
  

 

 

   

 

 

    

 

 

   

 

 

 

Earnings (Loss) Per Share Attributable
to Esterline – Basic

   $ 1.16      $ 1.14       $ 2.11      $ 1.96   
  

 

 

   

 

 

    

 

 

   

 

 

 

Diluted

         

Weighted Average Number of
Shares Outstanding

     31,867        31,100         31,733        31,002   

Net Shares Assumed to be Issued
for Stock Options and RSUs

     608        596         615        557   
  

 

 

   

 

 

    

 

 

   

 

 

 

Weighted Average Number of Shares and
Equivalent Shares Outstanding – Diluted

     32,475        31,696         32,348        31,559   
  

 

 

   

 

 

    

 

 

   

 

 

 

Earnings (Loss) Per Share Attributable to Esterline – Diluted:

  

      

Continuing Operations

   $ 1.15      $ 1.12       $ 2.08      $ 1.92   

Discontinued Operations

     (.01     .00         (.01     .00   
  

 

 

   

 

 

    

 

 

   

 

 

 

Earnings (Loss) Per Share Attributable
to Esterline – Diluted

   $ 1.14      $ 1.12       $ 2.07      $ 1.92