EX-11 4 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 26, 2002 and April 27, 2001
(Unaudited)
(In thousands, except per share amounts)

 

 Three Months Ended 

    Six Months Ended    
 

April 26,
    2002    

April 27,
    2001    

April 26,
    2002    

April 27,
    2001    

Basic

        

Earnings Before Cumulative Effect of
   Change in Accounting Principle

$  4,923 

$  9,577 

$  9,268 

$16,246 

Cumulative Effect of Change in
   Accounting Principle, Net of Tax

           - 

           - 

   (7,574)

      (403)

Net Earnings

$  4,923 

$  9,577 

$  1,694 

$15,843 

Weighted Average Number of
   Shares Outstanding - Basic

  20,742 

  19,745 

  20,732 

  18,586 

Earnings Per Share Before Cumulative
   Effect of Change in Accounting
   Principle - Basic

$      .24 

$      .49 

$      .45 

$      .87 

Cumulative Effect of Change in
   Accounting Principle - Basic

           - 

           - 

       (.37)

       (.02)

Earnings Per Share - Basic

$      .24 

$      .49 

$      .08 

$      .85 

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ESTERLINE TECHNOLOGIES CORPORATION
Computation of Basic and Diluted Earnings Per Common Share
For the Three and Six Months Ended April 26, 2002 and April 27, 2001
(Unaudited)
(In thousands, except per share amounts)

 

 Three Months Ended 

    Six Months Ended    
 

April 26,
    2002    

April 27,
    2001    

April 26,
    2002    

April 27,
    2001    

Diluted

        

Earnings Before Cumulative Effect of
   Change in Accounting Principle

$  4,923 

$  9,577 

$  9,268 

$  16,246 

Cumulative Effect of Change in
   Accounting Principle, Net of Tax

           - 

           - 

   (7,574)

      (403)

Net Earnings

$  4,923 

$  9,577 

$  1,694 

$15,843 

Weighted Average Number of
   Shares Outstanding

20,742 

19,745 

20,732 

18,586 

Net Shares Assumed to be Issued for
   Stock Options

       311 

       409 

       259 

       427 

Weighted Average Number of
   Shares and Equivalent
   Shares Outstanding - Diluted

  21,053 

  20,154 

  20,991 

  19,013 

Earnings Per Share Before
   Cumulative Effect of Change in
   Accounting Principle - Diluted

$      .23 

$      .48 

$      .44 

$      .85 

Cumulative Effect of Change in
   Accounting Principle - Diluted

           - 

           - 

       (.36)

       (.02)

Earnings Per Share - Diluted

$      .23 

$      .48 

$      .08 

$      .83 

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