EXHIBIT 11
ESTERLINE TECHNOLOGIES CORPORATION
Computation of Basic and Diluted Earnings Per Common Share
For the Three and Six Month Periods Ended April 27, 2012 and April 29, 2011
(Unaudited)
(In thousands, except per share amounts)
Three Months Ended | Six Months Ended | |||||||||||||||
April 27, 2012 | April 29, 2011 | April 27, 2012 | April 29, 2011 | |||||||||||||
Net Sales | $ | 504,831 | $ | 435,277 | $ | 975,713 | $ | 806,076 | ||||||||
Gross Margin | 184,523 | 160,947 | 342,604 | 293,069 | ||||||||||||
Net Earnings from Continuing Operations | ||||||||||||||||
Attributable to Esterline | $ | 45,191 | $ | 45,951 | $ | 67,979 | $ | 75,934 | ||||||||
Net Earnings (Loss) from Discontinued | ||||||||||||||||
Operations Attributable to Esterline | 0 | (37 | ) | 0 | (29 | ) | ||||||||||
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Net Earnings Attributable to Esterline | $ | 45,191 | $ | 45,914 | $ | 67,979 | $ | 75,905 | ||||||||
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Basic | ||||||||||||||||
Weighted Average Number of | ||||||||||||||||
Shares Outstanding | 30,669 | 30,496 | 30,650 | 30,422 | ||||||||||||
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Earnings Per Share Attributable to Esterline – Basic: |
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Continuing Operations | $ | 1.47 | $ | 1.51 | $ | 2.22 | $ | 2.50 | ||||||||
Discontinued Operations | .00 | .00 | .00 | .00 | ||||||||||||
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Earnings Per Share Attributable | ||||||||||||||||
to Esterline – Basic | $ | 1.47 | $ | 1.51 | $ | 2.22 | $ | 2.50 | ||||||||
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Diluted | ||||||||||||||||
Weighted Average Number of | ||||||||||||||||
Shares Outstanding | 30,669 | 30,496 | 30,650 | 30,422 | ||||||||||||
Net Shares Assumed to be Issued | ||||||||||||||||
for Stock Options | 650 | 664 | 588 | 664 | ||||||||||||
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Weighted Average Number of Shares | ||||||||||||||||
and Equivalent Shares | ||||||||||||||||
Outstanding – Diluted | 31,319 | 31,160 | 31,238 | 31,086 | ||||||||||||
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Earnings Per Share Attributable to Esterline – Diluted: |
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Continuing Operations | $ | 1.44 | $ | 1.47 | $ | 2.18 | $ | 2.44 | ||||||||
Discontinued Operations | .00 | .00 | .00 | .00 | ||||||||||||
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Earnings Per Share Attributable | ||||||||||||||||
to Esterline – Diluted | $ | 1.44 | $ | 1.47 | $ | 2.18 | $ | 2.44 | ||||||||
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