Exhibit 11
ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share – Basic
2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income From Continuing | |||||||||||||||||
Operations | $ | 33,374 | $ | 29,741 | $ | 31,284 | $ | 42,639 | $ | 29,544 | |||||||
Income (Loss) From | |||||||||||||||||
Discontinued Operations, | |||||||||||||||||
Net of Tax | 9,181 | (5,808 | ) | (25,039 | ) | (9,780 | ) | 3,043 | |||||||||
Earnings Before Cumulative | |||||||||||||||||
Effect of a Change in | |||||||||||||||||
Accounting Principle | 42,555 | 23,933 | 6,245 | 32,859 | 32,587 | ||||||||||||
Cumulative Effect of a Change | |||||||||||||||||
in Accounting Principle, | |||||||||||||||||
Net of Tax | — | — | (7,574 | ) | (403 | ) | — | ||||||||||
Net Earnings (Loss) | $ | 42,555 | $ | 23,933 | $ | (1,329 | ) | $ | 32,456 | $ | 32,587 | ||||||
Weighted Average Number | |||||||||||||||||
of Shares | |||||||||||||||||
Outstanding – Basic | 21,195 | 20,900 | 20,751 | 19,641 | 17,375 | ||||||||||||
Earnings (Loss) Per Share – Basic: | |||||||||||||||||
Continuing operations | $ | 1.57 | $ | 1.42 | $ | 1.51 | $ | 2.17 | $ | 1.70 | |||||||
Discontinued operations | .44 | (.27 | ) | (1.21 | ) | (.50 | ) | .18 | |||||||||
Earnings per share before | |||||||||||||||||
cumulative effect of | |||||||||||||||||
a change in | |||||||||||||||||
accounting principle | 2.01 | 1.15 | .30 | 1.67 | 1.88 | ||||||||||||
Cumulative effect of | |||||||||||||||||
a change in | |||||||||||||||||
accounting principle | — | — | (.37 | ) | (.02 | ) | — | ||||||||||
Earnings (Loss) Per | |||||||||||||||||
Share – Basic | $ | 2.01 | $ | 1.15 | $ | (.07 | ) | $ | 1.65 | $ | 1.88 | ||||||
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ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share – Diluted
2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income From Continuing | |||||||||||||||||
Operations | $ | 33,374 | $ | 29,741 | $ | 31,284 | $ | 42,639 | $ | 29,544 | |||||||
Income (Loss) From | |||||||||||||||||
Discontinued Operations, | |||||||||||||||||
Net of Tax | 9,181 | (5,808 | ) | (25,039 | ) | (9,780 | ) | 3,043 | |||||||||
Earnings Before Cumulative | |||||||||||||||||
Effect of a Change in | |||||||||||||||||
Accounting Principle | 42,555 | 23,933 | 6,245 | 32,859 | 32,587 | ||||||||||||
Cumulative Effect of a Change | |||||||||||||||||
in Accounting Principle, | |||||||||||||||||
Net of Tax | — | — | (7,574 | ) | (403 | ) | — | ||||||||||
Net Earnings (Loss) | $ | 42,555 | $ | 23,933 | $ | (1,329 | ) | $ | 32,456 | $ | 32,587 | ||||||
Weighted Average Number | |||||||||||||||||
of Shares Outstanding | 21,195 | 20,900 | 20,751 | 19,641 | 17,375 | ||||||||||||
Net Shares Assumed to be | |||||||||||||||||
Issued for Stock Options | 344 | 205 | 270 | 373 | 279 | ||||||||||||
Weighted Average Number | |||||||||||||||||
of Shares and Equivalent | |||||||||||||||||
Shares Outstanding – | |||||||||||||||||
Diluted | 21,539 | 21,105 | 21,021 | 20,014 | 17,654 | ||||||||||||
Earnings (Loss) Per | |||||||||||||||||
Share – Diluted: | |||||||||||||||||
Continuing operations | $ | 1.55 | $ | 1.41 | $ | 1.49 | $ | 2.13 | $ | 1.68 | |||||||
Discontinued operations | .43 | (.28 | ) | (1.19 | ) | (.49 | ) | .17 | |||||||||
Earnings per share | |||||||||||||||||
before cumulative | |||||||||||||||||
effect of a change in | |||||||||||||||||
accounting principle | 1.98 | 1.13 | .30 | 1.64 | 1.85 | ||||||||||||
Cumulative effect of | |||||||||||||||||
a change in accounting | |||||||||||||||||
principle | — | — | (.36 | ) | (.02 | ) | — | ||||||||||
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2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings (Loss) Per | |||||||||||||||||
Share – Diluted | $ | 1.98 | $ | 1.13 | $ | (.06 | ) | $ | 1.62 | $ | 1.85 | ||||||
Earnings (Loss) Per | |||||||||||||||||
Share – Basic | $ | 2.01 | $ | 1.15 | $ | (.07 | ) | $ | 1.65 | $ | 1.88 | ||||||
Dilutive Effect Per Share | $ | .03 | $ | .02 | $ | (.01 | ) | $ | .03 | $ | .03 | ||||||
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