Esterline Technologies 10-Q 2016 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 1, 2016 and March 27, 2015

(Unaudited)

(In thousands, except per share amounts)

	Three Months Ended						Six Months Ended
	April 1,			March 27,			April 1,			March 27,
	2016			2015			2016			2015
				(Recast)						(Recast)
Net Sales	$	490,310		$	468,210		$	931,787		$	972,821
Gross Margin		156,173			150,017			293,892			328,258
Net Earnings from Continuing Operations Attributable    to Esterline, Net of Tax		16,996			24,931			26,860			59,406
Loss from Discontinued Operations Attributable to    Esterline, Net of Tax		(2,023	)		(14,600	)		(6,803	)		(20,476	)
Net Earnings Attributable to Esterline	$	14,973		$	10,331		$	20,057		$	38,930
Basic
Weighted Average Number of Shares Outstanding		29,588			31,162			29,585			31,401
Earnings (Loss) Per Share Attributable to Esterline - Basic:
Continuing Operations	$	0.58		$	0.80		$	0.91		$	1.89
Discontinued Operations		(0.07	)		(0.47	)		(0.23	)		(0.65	)
Earnings (Loss) Per Share Attributable to Esterline    - Basic	$	0.51		$	0.33		$	0.68		$	1.24
Diluted
Weighted Average Number of Shares Outstanding		29,588			31,162			29,585			31,401
Net Shares Assumed to be Issued for Stock Options    and RSUs		237			525			297			536
Weighted Average Number of Shares and    Equivalent Shares Outstanding - Diluted		29,825			31,687			29,882			31,937
Earnings (Loss) Per Share Attributable to Esterline - Diluted:
Continuing Operations	$	0.57		$	0.79		$	0.90		$	1.86
Discontinued Operations		(0.07	)		(0.46	)		(0.23	)		(0.64	)
Earnings (Loss) Per Share Attributable to Esterline    - Diluted	$	0.50		$	0.33		$	0.67		$	1.22