EX-11 3 dex11.htm SCHEDULE SETTING FORTH COMPUTATION OF BASIC AND DILUTED EARNINGS Schedule setting forth computation of basic and diluted earnings

EXHIBIT 11

ESTERLINE TECHNOLOGIES CORPORATION

Computation of Basic and Diluted Earnings Per Common Share

For the Three and Six Month Periods Ended May 2, 2008 and April 27, 2007

(Unaudited)

(In thousands, except per share amounts)

 

     Three Months Ended      Six Months Ended  
     May 2,
2008		    April 27,
2007		    May 2,
2008		    April 27,
2007

Net Sales

    $ 373,955    $ 312,280    $ 746,384    $ 569,524

Gross Margin

      126,589      98,862      246,631      173,431

Net Earnings

    $ 25,185    $ 19,760    $ 56,169    $ 32,561
                           
Basic            

Weighted Average Number of

      Shares Outstanding

      29,442      25,590      29,413      25,560
                           

Earnings Per Share – Basic

    $ .86    $ .77    $ 1.91    $ 1.27
                           
Diluted            

Weighted Average Number of

      Shares Outstanding

      29,442      25,590      29,413      25,560

Net Shares Assumed to be Issued

      for Stock Options

      440      407      433      404
                           

Weighted Average Number of Shares

      and Equivalent Shares

      Outstanding – Diluted

      29,882      25,997      29,846      25,964
                           

Earnings Per Share – Diluted

    $ .84    $ .76    $ 1.88    $ 1.25