EX-11 5 dex11.htm SCHEDULE SETTING FORTH COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE Schedule setting forth computation of basic and diluted earnings per share

EXHIBIT 11

ESTERLINE TECHNOLOGIES CORPORATION

Computation of Basic and Diluted Earnings Per Common Share

For the Three Month Periods Ended January 28, 2011 and January 29, 2010

(Unaudited)

(In thousands, except per share amounts)

 

000000000000 000000000000
     Three Months Ended  
     January 28,
2011
     January 29,
2010
 

Net Sales

   $ 370,799       $ 335,310   

Gross Margin

     132,122         102,671   

Net Earnings from Continuing Operations Attributable to Esterline

   $ 29,983       $ 12,385   

Net Earnings from Discontinued Operations Attributable to Esterline

     8         340   
                 

Net Earnings Attributable to Esterline

   $ 29,991       $ 12,725   
                 
Basic      

Weighted Average Number of Shares Outstanding

     30,349         29,789   
                 

Earnings Per Share Attributable to Esterline – Basic:

     

Continuing Operations

   $ .99       $ .42   

Discontinued Operations

     .00         .01   
                 

Earnings Per Share Attributable to Esterline – Basic

   $ .99       $ .43   
                 
Diluted      

Weighted Average Number of Shares Outstanding

     30,349         29,789   

Net Shares Assumed to be Issued for Stock Options

     662         429   
                 

Weighted Average Number of Shares
  and Equivalent Shares Outstanding – Diluted

     31,011         30,218   
                 

Earnings Per Share Attributable to Esterline – Diluted:

     

Continuing Operations

   $ .97       $ .41   

Discontinued Operations

     .00         .01   
                 

Earnings Per Share Attributable to Esterline – Diluted

   $ .97       $ .42