EX-11 7 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 Month Periods Ended January 30, 2009 and February 1, 2008

(Unaudited)

(In thousands, except per share amounts)

 

     Three Months Ended
     January 30,
2009
   February 1,
2008

Net Sales

   $ 309,717    $ 357,325

Gross Margin

     102,152      115,213

Net Earnings From Continuing Operations

   $ 11,487    $ 29,725

Net Earnings From Discontinued Operations

     15,456      1,259
             

Net Earnings

   $ 26,943    $ 30,984
             

Basic

     

Weighted Average Number of Shares Outstanding

     29,664      29,386
             

Earnings Per Share – Basic:

     

Continuing Operations

   $ .39    $ 1.01

Discontinued Operations

     .52      .04
             

Earnings Per Share – Basic

   $ .91    $ 1.05
             

Diluted

     

Weighted Average Number of Shares Outstanding

     29,664      29,386

Net Shares Assumed to be Issued for Stock Options

     201      425
             

Weighted Average Number of Shares
and Equivalent Shares Outstanding – Diluted

     29,865      29,811
             

Earnings Per Share – Diluted:

     

Continuing Operations

   $ .38    $ 1.00

Discontinued Operations

     .52      .04
             

Earnings Per Share – Diluted

   $ .90    $ 1.04