Esterline Technologies 10-K 2002 FY Annual report

Exhibit 11

ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)

Computation of Earnings (Loss) Per Share - Basic

	2002	2001	2000	1999	1998
Income From Continuing     Operations Income (Loss) From     Discontinued Operations,     Net of Tax	$ 31,284    (25,039)	$ 42,639      (9,780)	$ 29,544       3,043	$ 30,241         (379)	$ 24,707       5,377
Earnings Before Cumulative     Effect of a Change in     Accounting Principle	6,245	32,859	32,587	29,862	30,084
Cumulative Effect of a Change in     Accounting Principle,     Net of Tax	(7,574)	(403)	-	-	-
Net Earnings (Loss)	$  (1,329)	$ 32,456	$ 32,587	$ 29,862	$ 30,084
Weighted Average Number     of Shares     Outstanding - Basic	20,751	19,641	17,375	17,337	17,290
Earnings (Loss) Per Share - Basic:     Continuing operations     Discontinued operations     Earnings per share before         cumulative effect of         a change in         accounting principle     Cumulative effect of         a change in         accounting principle	$     1.51        (1.21) .30          (.37)	$     2.17          (.50) 1.67          (.02)	$     1.70           .18  1.88              -	$     1.74          (.02) 1.72              -	$     1.43           .31  1.74              -
Earnings (Loss) Per     Share - Basic	$      (.07)	$     1.65	$     1.88	$     1.72	$     1.74

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ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)

Computation of Earnings (Loss) Per Share - Diluted

	2002	2001	2000	1999	1998
Income From Continuing     Operations Income (Loss) From     Discontinued Operations,     Net of Tax	$ 31,284    (25,039)	$ 42,639      (9,780)	$ 29,544       3,043	$ 30,241         (379)	$ 24,707      5,377
Earnings Before Cumulative     Effect of a Change in     Accounting Principle	6,245	32,859	32,587	29,862	30,084
Cumulative Effect of a Change in     Accounting Principle,     Net of Tax	(7,574)	(403)	-	-	-
Net Earnings (Loss)	$  (1,329)	$ 32,456	$ 32,587	$ 29,862	$ 30,084
Weighted Average Number     of Shares Outstanding	20,751	19,641	17,375	17,337	17,290
Net Shares Assumed to be     Issued for Stock Options	270	373	279	321	428
Weighted Average Number     of Shares and Equivalent     Shares Outstanding -     Diluted	21,021	20,014	17,654	17,658	17,718
Earnings (Loss) Per     Share - Diluted:     Continuing operations     Discontinued operations     Earnings per share         before cumulative         effect of a change in         accounting principle     Cumulative effect of         a change in accounting         principle	$     1.49        (1.19) .30          (.36)	$     2.13          (.49) 1.64          (.02)	$     1.68           .17  1.85              -	$     1.71          (.02) 1.69              -	$     1.40           .30  1.70              -

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Earnings (Loss) Per     Share - Diluted	$    (.06)	$     1.62	$     1.85	$     1.69	$     1.70
Earnings (Loss) Per     Share - Basic	$    (.07)	$     1.65	$     1.88	$     1.72	$     1.74
Dilutive Effect Per Share	$    (.01)	$       .03	$       .03	$       .03	$       .04

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