Esterline Technologies 10-K 2000 FY Annual report

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Exhibit 11

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

Computation of Net Earnings Per Share—Basic

	For Fiscal Years
	2000		1999		1998		1997		1996
Net Earnings	$	32,587	$	29,862	$	30,084	$	25,321	$	21,354
Weighted-Average Number of Shares Outstanding		17,375		17,337		17,290		17,124		15,842
Net Earnings Per Share—Basic	$	1.88	$	1.72	$	1.74	$	1.48	$	1.35

Computation of Net Earnings Per Share—Diluted	For Fiscal Years
	2000		1999		1998		1997		1996
Net Earnings	$	32,587	$	29,862	$	30,084	$	25,321	$	21,354
Weighted-Average Number of Shares Outstanding		17,375		17,337		17,290		17,124		15,842
Net Shares Assumed to be Issued for Stock Options		279		321		428		484		492
Total Shares—Diluted		17,654		17,658		17,718		17,608		16,334
Net Earnings Per Share—Diluted	$	1.85	$	1.69	$	1.70	$	1.44	$	1.31
Net Earnings Per Share—Basic	$	1.88	$	1.72	$	1.74	$	1.48	$	1.35
Dilutive Effect Per Share	$	.03	$	.03	$	.04	$	.04	$	.04

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Computation of Net Earnings Per Share—Basic