Exhibit 11
ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share – Basic
2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||
Income From Continuing Operations | $ | 55,615 | $ | 51,034 | $ | 29,375 | $ | 28,147 | $ | 28,477 | |||||||
Income (Loss) From Discontinued Operations, Net of Tax | — | 6,992 | 10,208 | (5,312 | ) | (25,264 | ) | ||||||||||
Earnings Before Cumulative Effect of a Change in Accounting Principle | 55,615 | 58,026 | 39,583 | 22,835 | 3,213 | ||||||||||||
Cumulative Effect of a Change in Accounting Principle, Net of Tax | — | — | — | — | (7,574 | ) | |||||||||||
Net Earnings (Loss) | $ | 55,615 | $ | 58,026 | $ | 39,583 | $ | 22,835 | $ | (4,361 | ) | ||||||
Weighted Average Number of Shares Outstanding – Basic | 25,413 | 24,927 | 21,195 | 20,900 | 20,751 | ||||||||||||
Earnings (Loss) Per Share – Basic: | |||||||||||||||||
Continuing operations | $ | 2.19 | $ | 2.05 | $ | 1.39 | $ | 1.35 | $ | 1.37 | |||||||
Discontinued operations | — | .28 | .48 | (.26 | ) | (1.22 | ) | ||||||||||
Earnings per share before cumulative effect of a change in accounting principle | 2.19 | 2.33 | 1.87 | 1.09 | .15 | ||||||||||||
Cumulative effect of a change in accounting principle | — | — | — | — | (.36 | ) | |||||||||||
Earnings (Loss) Per Share – Basic | $ | 2.19 | $ | 2.33 | $ | 1.87 | $ | 1.09 | $ | (.21 | ) | ||||||
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ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share – Diluted
2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||
Income From Continuing Operations | $ | 55,615 | $ | 51,034 | $ | 29,375 | $ | 28,147 | $ | 28,477 | |||||||
Income (Loss) From Discontinued Operations, Net of Tax | — | 6,992 | 10,208 | (5,312 | ) | (25,264 | ) | ||||||||||
Earnings Before Cumulative Effect of a Change in Accounting Principle | 55,615 | 58,026 | 39,583 | 22,835 | 3,213 | ||||||||||||
Cumulative Effect of a Change in Accounting Principle, Net of Tax | — | — | — | — | (7,574 | ) | |||||||||||
Net Earnings (Loss) | $ | 55,615 | $ | 58,026 | $ | 39,583 | $ | 22,835 | $ | (4,361 | ) | ||||||
Weighted Average Number of Shares Outstanding | 25,413 | 24,927 | 21,195 | 20,900 | 20,751 | ||||||||||||
Net Shares Assumed to be Issued for Stock Options | 405 | 375 | 344 | 205 | 270 | ||||||||||||
Weighted Average Number of Shares and Equivalent Shares Outstanding – Diluted | 25,818 | 25,302 | 21,539 | 21,105 | 21,021 | ||||||||||||
Earnings (Loss) Per Share – Diluted: | |||||||||||||||||
Continuing operations | $ | 2.15 | $ | 2.02 | $ | 1.37 | $ | 1.33 | $ | 1.35 | |||||||
Discontinued operations | — | .27 | .47 | (.25 | ) | (1.20 | ) | ||||||||||
Earnings per share before cumulative effect of a change in accounting principle | 2.15 | 2.29 | 1.84 | 1.08 | .15 | ||||||||||||
Cumulative effect of a change in accounting principle | — | — | — | — | (.36 | ) | |||||||||||
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2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||
Earnings (Loss) Per Share – Diluted | $ | 2.15 | $ | 2.29 | $ | 1.84 | $ | 1.08 | $ | (.21 | ) | |||||
Earnings (Loss) Per Share – Basic | $ | 2.19 | $ | 2.33 | $ | 1.87 | $ | 1.09 | $ | (.21 | ) | |||||
Dilutive Effect Per Share | $ | .04 | $ | .04 | $ | .03 | $ | .01 | $ | — | ||||||
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