EXHIBIT 11
ESTERLINE TECHNOLOGIES CORPORATION
Computation of Basic and Diluted Earnings Per Common Share
For the Three and Six Month Periods Ended May 2, 2014 and April 26, 2013
(Unaudited)
(In thousands, except per share amounts)
Three Months Ended | Six Months Ended | |||||||||||||||
May 2, 2014 | April 26, 2013 | May 2, 2014 | April 26, 2013 | |||||||||||||
Net Sales | $ | 529,574 | $ | 499,562 | $ | 1,034,554 | $ | 957,524 | ||||||||
Gross Margin | 182,345 | 181,376 | 355,640 | 341,721 | ||||||||||||
Net Earnings from Continuing Operations | $ | 37,247 | $ | 35,522 | $ | 67,325 | $ | 60,633 | ||||||||
Loss from Discontinued Operations | (343 | ) | 0 | (343 | ) | 0 | ||||||||||
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Net Earnings Attributable to Esterline | $ | 36,904 | $ | 35,522 | $ | 66,982 | $ | 60,633 | ||||||||
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Basic | ||||||||||||||||
Weighted Average Number of | 31,867 | 31,100 | 31,733 | 31,002 | ||||||||||||
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Earnings (Loss) Per Share Attributable to Esterline – Basic: |
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Continuing Operations | $ | 1.17 | $ | 1.14 | $ | 2.12 | $ | 1.96 | ||||||||
Discontinued Operations | (.01 | ) | .00 | (.01 | ) | .00 | ||||||||||
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Earnings (Loss) Per Share Attributable | $ | 1.16 | $ | 1.14 | $ | 2.11 | $ | 1.96 | ||||||||
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Diluted | ||||||||||||||||
Weighted Average Number of | 31,867 | 31,100 | 31,733 | 31,002 | ||||||||||||
Net Shares Assumed to be Issued | 608 | 596 | 615 | 557 | ||||||||||||
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Weighted Average Number of Shares and | 32,475 | 31,696 | 32,348 | 31,559 | ||||||||||||
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Earnings (Loss) Per Share Attributable to Esterline – Diluted: |
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Continuing Operations | $ | 1.15 | $ | 1.12 | $ | 2.08 | $ | 1.92 | ||||||||
Discontinued Operations | (.01 | ) | .00 | (.01 | ) | .00 | ||||||||||
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Earnings (Loss) Per Share Attributable | $ | 1.14 | $ | 1.12 | $ | 2.07 | $ | 1.92 | ||||||||
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