EX-11 2 est-x11.htm EXHIBIT 11

EXHIBIT 11

ESTERLINE TECHNOLOGIES CORPORATION
Computation of Basic and Diluted Earnings Per Common Share
For the Three and Six Months Ended April 27, 2001 and April 30, 2000

(Unaudited)
(In thousands, except per share amounts)

 

     Three Months Ended     

  

    Six Months Ended    
 

April 27,
   2001     

  

April 30,
   2000     

  

April 27,
   2001     

  

April 30,
   2000   

Basic

              

Net Earnings Before Cumulative
  Effect of a Change in Accounting

$  9,577

  

$  6,937

  

$16,246 

  

$11,763

Cumulative Effect of a Change in
   Accounting for Derivative Financial
   Instruments, Net of Tax



           -

  



           -

  



    (403)

  



           -

Net Earnings

$  9,577

  

$  6,937

  

$15,843 

  

$11,763

Weighted Average Number of
   Shares Outstanding - Basic


  19,745

  


  17,358

  


  18,586 

  


  17,354

Net Earnings per Share Before
   Cumulative Effect of a Change
   in Accounting - Basic



$      .49

  



$      .40

  



$      .87 

  



$      .68

Cumulative Effect of a Change
   in Accounting - Basic


           -

  


           -

  


       (.02)

  


           -

Net Earnings per Share - Basic

$      .49

  

$      .40

  

$      .85 

  

$      .68

ESTERLINE TECHNOLOGIES CORPORATION
Computation of Basic and Diluted Earnings Per Common Share
For the Three and Six Months Ended April 27, 2001 and April 30, 2000
(Unaudited)
(In thousands, except per share amounts)

 

     Three Months Ended     

  

    Six Months Ended    
 

April 27,
   2001   

  

April 30,
   2000   

  

April 27,
   2001   

  

April 30,
   2000   

Diluted

              

Net Earnings Before Cumulative
   Effect of a Change in Accounting


$  9,577

  


$  6,937

  


$16,246 

  


$11,763

Cumulative Effect of a Change in
   Accounting for Derivative Financial
   Instruments, Net of Tax



           -

  



           -

  



       (403)

  



           -

Net Earnings

$  9,577

  

$  6,937

  

$15,843 

  

$11,763

Weighted Average Number of
   Shares Outstanding


19,745

  


17,358

  


18,586 

  


17,354

Net Shares Assumed to be Issued for
   Stock Options


       409

  


       180

  


       427 

  


       184

Weighted Average Number of
   Shares and Equivalent
   Shares Outstanding - Diluted



  20,154

  



  17,538

  



  19,013 

  



  17,538

Net Earnings per Share Before
   Cumulative Effect of a Change
   in Accounting - Diluted



$      .48

  



$      .40

  



$      .85 

  



$      .67

Cumulative Effect of a Change
   in Accounting - Diluted


           -

  


           -

  


       (.02)

  


           -

Net Earnings per Share - Diluted

$      .48

  

$      .40

  

$      .83 

  

$      .67