EX-11 7 dex11.htm SCHEDULE SETTING FORTH COMPUTATION OF EARNINGS PER SHARE Schedule setting forth computation of earnings per share

Exhibit 11

ESTERLINE TECHNOLOGIES CORPORATION

(In thousands, except per share amounts)

Computation of Earnings (Loss) Per Share – Basic

 

     2006    2005    2004    2003     2002  

Income From Continuing Operations

    $ 55,615    $ 51,034    $ 29,375    $ 28,147     $ 28,477  

Income (Loss) From Discontinued Operations, Net of Tax

      —      6,992      10,208      (5,312 )     (25,264 )
                                     

Earnings Before Cumulative Effect of a Change in Accounting Principle

      55,615      58,026      39,583      22,835       3,213  

Cumulative Effect of a Change in Accounting Principle, Net of Tax

      —      —      —      —       (7,574 )
                                     

Net Earnings (Loss)

    $ 55,615    $ 58,026    $ 39,583    $ 22,835     $ (4,361 )
                                     

Weighted Average Number of Shares Outstanding – Basic

      25,413      24,927      21,195      20,900       20,751  
                                     

Earnings (Loss) Per Share – Basic:

              

Continuing operations

    $ 2.19    $ 2.05    $ 1.39    $ 1.35     $ 1.37  

Discontinued operations

      —      .28      .48      (.26 )     (1.22 )
                                     

Earnings per share before cumulative effect of a change in accounting principle

      2.19      2.33      1.87      1.09       .15  

Cumulative effect of a change in accounting principle

      —      —      —      —       (.36 )
                                     

Earnings (Loss) Per Share – Basic

    $ 2.19    $ 2.33    $ 1.87    $ 1.09     $ (.21 )
                                     

 

1

ESTERLINE TECHNOLOGIES CORPORATION

(In thousands, except per share amounts)

Computation of Earnings (Loss) Per Share – Diluted

 

     2006    2005    2004    2003     2002  

Income From Continuing Operations

    $ 55,615    $ 51,034    $ 29,375    $ 28,147     $ 28,477  

Income (Loss) From Discontinued Operations, Net of Tax

      —      6,992      10,208      (5,312 )     (25,264 )
                                     

Earnings Before Cumulative Effect of a Change in Accounting Principle

      55,615      58,026      39,583      22,835       3,213  

Cumulative Effect of a Change in Accounting Principle, Net of Tax

      —      —      —      —       (7,574 )
                                     

Net Earnings (Loss)

    $ 55,615    $ 58,026    $ 39,583    $ 22,835     $ (4,361 )
                                     

Weighted Average Number of Shares Outstanding

      25,413      24,927      21,195      20,900       20,751  

Net Shares Assumed to be Issued for Stock Options

      405      375      344      205       270  
                                     

Weighted Average Number of Shares and Equivalent Shares Outstanding – Diluted

      25,818      25,302      21,539      21,105       21,021  
                                     

Earnings (Loss) Per Share – Diluted:

              

Continuing operations

    $ 2.15    $ 2.02    $ 1.37    $ 1.33     $ 1.35  

Discontinued operations

      —      .27      .47      (.25 )     (1.20 )
                                     

Earnings per share before cumulative effect of a change in accounting principle

      2.15      2.29      1.84      1.08       .15  

Cumulative effect of a change in accounting principle

      —      —      —      —       (.36 )
                                     

 

2

     2006    2005    2004    2003    2002  

Earnings (Loss) Per Share – Diluted

    $     2.15    $     2.29    $     1.84    $     1.08    $ (.21 )
                                    

Earnings (Loss) Per Share – Basic

    $ 2.19    $ 2.33    $ 1.87    $ 1.09    $ (.21 )
                                    

Dilutive Effect Per Share

    $ .04    $ .04    $ .03    $ .01    $        —  
                                    

 

3