Esterline Technologies 10-Q 2007 Q2 Quarterly report

EXHIBIT 11

ESTERLINE TECHNOLOGIES CORPORATION

Computation of Basic and Diluted Earnings Per Common Share

For the Three and Six Month Periods Ended April 27, 2007 and April 28, 2006

(Unaudited)

(In thousands, except per share amounts)

	Three Months Ended				Six Months Ended
	April 27, 2007		April 28, 2006		April 27, 2007		April 28, 2006
Net Sales	$	312,280	$	247,939	$	569,524	$	453,604
Gross Margin		98,862		80,739		173,431		143,598
Net Earnings	$	19,760	$	17,659	$	32,561	$	26,023
Basic
Weighted Average Number of Shares Outstanding		25,590		25,385		25,560		25,361
Earnings Per Share – Basic	$	.77	$	.70	$	1.27	$	1.03
Diluted
Weighted Average Number of Shares Outstanding		25,590		25,385		25,560		25,361
Net Shares Assumed to be Issued for Stock Options		407		432		404		419
Weighted Average Number of Shares and Equivalent Shares Outstanding – Diluted		25,997		25,817		25,964		25,780
Earnings Per Share – Diluted	$	.76	$	.68	$	1.25	$	1.01