EX-11 2 v15759a1exv11.txt EXHIBIT 11 EXHIBIT 11 ESTERLINE TECHNOLOGIES CORPORATION Computation of Basic and Diluted Earnings Per Common Share For the Three Month Periods Ended January 28, 2005 and January 30, 2004 (Unaudited) (In thousands, except per share amounts)
Three Months Ended ----------------------------------- January 28, January 30, 2005 2004 --------------- ---------------- (Restated) (Restated) Net Sales $ 190,243 $ 129,454 Gross Margin 58,551 38,680 Income From Continuing Operations 10,195 114 Income From Discontinued Operations, Net of Tax 7,415 292 --------------- ---------------- Net Earnings $ 17,610 $ 406 =============== ================ Basic Weighted Average Number of Shares Outstanding 24,034 21,099 =============== ================ Earnings Per Share - Basic Continuing operations $ .42 $ .01 Discontinued operations .31 .01 --------------- ---------------- Earnings per share - basic $ .73 $ .02 =============== ================ Diluted Weighted Average Number of Shares Outstanding 24,034 21,099 Net Shares Assumed to be Issued for Stock Options 387 337 --------------- ---------------- Weighted Average Number of Shares and Equivalent Shares Outstanding - Diluted 24,421 21,436 =============== ================ Earnings Per Share - Diluted Continuing operations $ .42 $ .01 Discontinued operations .30 .01 --------------- ---------------- Earnings per share - diluted $ .72 $ .02 =============== ================