EX-11 3 dex11.htm SCHEDULE SETTING FOR COMPUTATION OF BASIC EARNINGS PER COMMON SHARE Schedule setting for computation of basic earnings per common share

EXHIBIT 11

ESTERLINE TECHNOLOGIES CORPORATION

Computation of Basic and Diluted Earnings Per Common Share

For the Three and Six Month Periods Ended April 30, 2010 and May 1, 2009

(Unaudited)

(In thousands, except per share amounts)

 

       Three Months Ended      Six Months Ended
       April 30,
2010		      May 1,
2009		      April 30,
2010		      May 1,
2009

Net Sales

      $   387,620      $   359,502      $   726,980      $   669,219

Gross Margin

        129,198        112,598        233,727        214,750

Net Earnings From Continuing Operations
   Attributable to Esterline

      $ 29,648      $ 25,338      $ 42,373      $ 36,825

Net Earnings From Discontinued
   Operations Attributable to Esterline

        0        375        0        15,831
                                   

Net Earnings Attributable to Esterline

      $ 29,648      $ 25,713      $ 42,373      $ 52,656
                                   

Basic

                    

Weighted Average Number of
   Shares Outstanding

        29,908        29,705        29,848        29,684
                                   

Earnings Per Share Attributable to Esterline – Basic:

                    

   Continuing Operations

      $ .99      $ .85      $ 1.42      $ 1.24

   Discontinued Operations

        .00        .02        .00        .53
                                   

   Earnings Per Share Attributable
     to Esterline – Basic

      $ .99      $ .87      $ 1.42      $ 1.77
                                   

Diluted

                    

Weighted Average Number of
   Shares Outstanding

        29,908        29,705        29,848        29,684

Net Shares Assumed to be Issued
   for Stock Options

        498        124        464        163
                                   

Weighted Average Number of Shares
   and Equivalent Shares
   Outstanding – Diluted

        30,406        29,829        30,312        29,847
                                   

Earnings Per Share Attributable to Esterline – Diluted:

                    

   Continuing Operations

      $ .98      $ .85      $ 1.40      $ 1.23

   Discontinued Operations

        .00        .01        .00        .53
                                   

   Earnings Per Share Attributable
     to Esterline – Diluted

      $ .98      $ .86      $ 1.40      $ 1.76