Exhibit 11.1
ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share – Basic
2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||
Income From Continuing Operations | $ | 92,284 | $ | 55,615 | $ | 51,034 | $ | 29,375 | $ | 28,147 | ||||||
Income (Loss) From Discontinued Operations, Net of Tax | — | — | 6,992 | 10,208 | (5,312 | ) | ||||||||||
Net Earnings | $ | 92,284 | $ | 55,615 | $ | 58,026 | $ | 39,583 | $ | 22,835 | ||||||
Weighted Average Number of Shares Outstanding – Basic | 25,824 | 25,413 | 24,927 | 21,195 | 20,900 | |||||||||||
Earnings (Loss) Per Share – Basic: | ||||||||||||||||
Continuing operations | $ | 3.57 | $ | 2.19 | $ | 2.05 | $ | 1.39 | $ | 1.35 | ||||||
Discontinued operations | — | — | .28 | .48 | (.26 | ) | ||||||||||
Earnings Per Share – Basic | $ | 3.57 | $ | 2.19 | $ | 2.33 | $ | 1.87 | $ | 1.09 | ||||||
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ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)
Computation of Earnings (Loss) Per Share – Diluted
2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||
Income From Continuing Operations | $ | 92,284 | $ | 55,615 | $ | 51,034 | $ | 29,375 | $ | 28,147 | ||||||
Income (Loss) From Discontinued Operations, Net of Tax | — | — | 6,992 | 10,208 | (5,312 | ) | ||||||||||
Net Earnings | $ | 92,284 | $ | 55,615 | $ | 58,026 | $ | 39,583 | $ | 22,835 | ||||||
Weighted Average Number of Shares Outstanding | 25,824 | 25,413 | 24,927 | 21,195 | 20,900 | |||||||||||
Net Shares Assumed to be Issued for Stock Options | 428 | 405 | 375 | 344 | 205 | |||||||||||
Weighted Average Number of Shares and Equivalent Shares Outstanding – Diluted | 26,252 | 25,818 | 25,302 | 21,539 | 21,105 | |||||||||||
Earnings (Loss) Per Share – Diluted: | ||||||||||||||||
Continuing operations | $ | 3.52 | $ | 2.15 | $ | 2.02 | $ | 1.37 | $ | 1.33 | ||||||
Discontinued operations | — | — | .27 | .47 | (.25 | ) | ||||||||||
Earnings Per Share – Diluted | $ | 3.52 | $ | 2.15 | $ | 2.29 | $ | 1.84 | $ | 1.08 | ||||||
Earnings Per Share – Basic | $ | 3.57 | $ | 2.19 | $ | 2.33 | $ | 1.87 | $ | 1.09 | ||||||
Dilutive Effect Per Share | $ | .05 | $ | .04 | $ | .04 | $ | .03 | $ | .01 | ||||||
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