Exhibit 11.1
ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)
| 2014 |
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| 2013 |
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| 2012 |
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| 2011 |
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| 2010 |
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Computation of Earnings Per Share - Basic |
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Net Earnings from Continuing Operations Attributable to Esterline, Net of Tax | $ | 166,007 |
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| $ | 170,994 |
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| $ | 113,154 |
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| $ | 135,553 |
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| $ | 124,857 |
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Loss from Discontinued Operations Attributable to Esterline, Net of Tax |
| (63,589 | ) |
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| (6,260 | ) |
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| (619 | ) |
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| (2,513 | ) |
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| 17,063 |
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Net Earnings Attributable to Esterline | $ | 102,418 |
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| $ | 164,734 |
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| $ | 112,535 |
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| $ | 133,040 |
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| $ | 141,920 |
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Weighted Average Number of Shares Outstanding |
| 31,840 |
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| 31,173 |
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| 30,749 |
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| 30,509 |
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| 29,973 |
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Earnings (Loss) Per Share Attributable to Esterline - Basic: |
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Continuing Operations | $ | 5.22 |
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| $ | 5.48 |
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| $ | 3.68 |
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| $ | 4.44 |
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| $ | 4.16 |
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Discontinued Operations |
| (2.00 | ) |
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| (0.20 | ) |
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| (0.02 | ) |
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| (0.08 | ) |
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| 0.57 |
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Earnings (Loss) Per Share Attributable to Esterline - Basic | $ | 3.22 |
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| $ | 5.28 |
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| $ | 3.66 |
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| $ | 4.36 |
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| $ | 4.73 |
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Computation of Earnings Per Share - Diluted |
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Net Earnings from Continuing Operations Attributable to Esterline, Net of Tax | $ | 166,007 |
|
| $ | 170,994 |
|
| $ | 113,154 |
|
| $ | 135,553 |
|
| $ | 124,857 |
|
|
Loss from Discontinued Operations Attributable to Esterline, Net of Tax |
| (63,589 | ) |
|
| (6,260 | ) |
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| (619 | ) |
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| (2,513 | ) |
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| 17,063 |
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Net Earnings Attributable to Esterline | $ | 102,418 |
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| $ | 164,734 |
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| $ | 112,535 |
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| $ | 133,040 |
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| $ | 141,920 |
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Weighted Average Number of Shares Outstanding |
| 31,840 |
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| 31,173 |
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| 30,749 |
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| 30,509 |
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| 29,973 |
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Net Shares Assumed to be Issued for Stock Options and RSUs |
| 608 |
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| 565 |
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| 533 |
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| 645 |
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| 504 |
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Weighted Average Number of Shares and Equivalent Shares Outstanding - Diluted |
| 32,448 |
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| 31,738 |
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| 31,282 |
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| 31,154 |
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| 30,477 |
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Earnings (Loss) Per Share Attributable to Esterline - Diluted: |
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Continuing Operations | $ | 5.12 |
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| $ | 5.39 |
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| $ | 3.62 |
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| $ | 4.35 |
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| $ | 4.10 |
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Discontinued Operations |
| (1.96 | ) |
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| (0.20 | ) |
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| (0.02 | ) |
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| (0.08 | ) |
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| 0.56 |
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Earnings (Loss) Per Share Attributable to Esterline - Diluted | $ | 3.16 |
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| $ | 5.19 |
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| $ | 3.60 |
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| $ | 4.27 |
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| $ | 4.66 |
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