Exhibit 11.1
ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)
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| Eleven |
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| Months |
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| Twelve Months Ended |
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| Ended |
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| 2016 |
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| 2015 |
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| 2014 |
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| 2013 |
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| 2012 |
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| 2015 |
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| (Unaudited) (Recast) |
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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 | $ | 116,951 |
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| $ | 127,895 |
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| $ | 165,029 |
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| $ | 169,125 |
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| $ | 112,032 |
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| $ | 96,665 |
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Earnings (Loss) from Dis- continued Operations Attrib- utable to Esterline, Net of Tax |
| (15,266 | ) |
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| (40,319 | ) |
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| (62,611 | ) |
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| (4,391 | ) |
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| 503 |
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| (37,053 | ) |
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Net Earnings Attributable to Esterline | $ | 101,685 |
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| $ | 87,576 |
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| $ | 102,418 |
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| $ | 164,734 |
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| $ | 112,535 |
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| $ | 59,612 |
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Weighted Average Number of Shares Outstanding |
| 29,490 |
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| 30,729 |
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| 31,840 |
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| 31,173 |
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| 30,749 |
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| 30,729 |
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Earnings (Loss) Per Share Attributable to Esterline - Basic: |
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Continuing Operations | $ | 3.97 |
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| $ | 4.16 |
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| $ | 5.19 |
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| $ | 5.42 |
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| $ | 3.64 |
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| $ | 3.15 |
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Discontinued Operations |
| (0.52 | ) |
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| (1.31 | ) |
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| (1.97 | ) |
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| (0.14 | ) |
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| 0.02 |
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| (1.21 | ) |
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Earnings (Loss) Per Share - Basic | $ | 3.45 |
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| $ | 2.85 |
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| $ | 3.22 |
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| $ | 5.28 |
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| $ | 3.66 |
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| $ | 1.94 |
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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 | $ | 116,951 |
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| $ | 127,895 |
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| $ | 165,029 |
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| $ | 169,125 |
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| $ | 112,032 |
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| $ | 96,665 |
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Earnings (Loss) from Dis- continued Operations Attrib- utable to Esterline, Net of Tax |
| (15,266 | ) |
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| (40,319 | ) |
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| (62,611 | ) |
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| (4,391 | ) |
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| 503 |
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| (37,053 | ) |
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Net Earnings Attributable to Esterline | $ | 101,685 |
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| $ | 87,576 |
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| $ | 102,418 |
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| $ | 164,734 |
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| $ | 112,535 |
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| $ | 59,612 |
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Weighted Average Number of Shares Outstanding |
| 29,490 |
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| 30,729 |
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| 31,840 |
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| 31,173 |
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| 30,749 |
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| 30,729 |
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Net Shares Assumed to be Issued for Stock Options and RSUs |
| 274 |
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| 486 |
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| 608 |
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| 565 |
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| 533 |
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| 486 |
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Weighted Average Number of Shares and Equivalent Shares Outstanding - Diluted |
| 29,764 |
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| 31,215 |
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| 32,448 |
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| 31,738 |
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| 31,282 |
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| 31,215 |
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Earnings (Loss) Per Share Attributable to Esterline - Diluted: |
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Continuing Operations | $ | 3.93 |
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| $ | 4.10 |
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| $ | 5.09 |
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| $ | 5.33 |
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| $ | 3.58 |
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| $ | 3.10 |
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Discontinued Operations |
| (0.51 | ) |
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| (1.29 | ) |
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| (1.93 | ) |
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| (0.14 | ) |
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| 0.02 |
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| (1.19 | ) |
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Earnings (Loss) Per Share - Diluted | $ | 3.42 |
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| $ | 2.81 |
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| $ | 3.16 |
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| $ | 5.19 |
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| $ | 3.60 |
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| $ | 1.91 |
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