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Consolidated Statement of Operations
In Thousands, except Per Share data, unless otherwise specified
1 Months Ended 3 Months Ended 12 Months Ended
May 31, 2008
CAD
Oct. 25, 2013
USD ($)
Jul. 26, 2013
USD ($)
Apr. 26, 2013
USD ($)
Jan. 25, 2013
USD ($)
Oct. 26, 2012
USD ($)
Jul. 27, 2012
USD ($)
Apr. 27, 2012
USD ($)
Apr. 27, 2012
CAD
Jan. 27, 2012
USD ($)
Oct. 25, 2013
USD ($)
Oct. 26, 2012
USD ($)
Oct. 28, 2011
USD ($)
Net Sales   $ 534,162 $ 478,068 $ 499,562 $ 457,962 $ 530,656 $ 485,949 $ 504,831   $ 470,882 $ 1,969,754 [1] $ 1,992,318 [1] $ 1,717,985 [1]
Cost of Sales                     1,243,758 1,273,365 1,128,265
Gross Margin   205,373 178,902 181,376 160,345 204,253 172,096 184,523   158,081 725,996 718,953 589,720
Expenses                          
Selling, general and administrative                     391,147 382,887 304,154
Research, development and engineering                     95,736 107,745 94,505
Gain on sale of product line                     (2,264) 0 0
Gain on settlement of contingency (11,800)             (11,900) (11,800)   0 (11,891) 0
Goodwill impairment     3,500       52,200       3,454 52,169 0
Other income                     0 (1,263) (6,853)
Total Expenses                     488,073 529,647 391,806
Operating Earnings From Continuing Operations                     237,923 189,306 197,914
Interest income                     (539) (465) (1,615)
Interest expense                     39,667 46,238 40,216
Loss on extinguishment of debt                     946 0 831
Earnings From Continuing Operations Before Income Taxes                     197,849 143,533 158,482
Income Tax Expense                     30,085 29,958 24,938
Earnings From Continuing Operations Including Noncontrolling Interests                     167,764 113,575 133,544
Earnings Attributable to Noncontrolling Interests                     (1,730) (1,040) (457)
Earnings From Continuing Operations Attributable to Esterline, Net of Tax   66,188 39,213 [2],[3],[4] 35,522 25,111 [5] 61,660 (17,104) [6],[7] 45,191 [8]   22,788 166,034 112,535 133,087
Loss From Discontinued Operations Attributable to Esterline, Net of Tax   (325) (975) 0 0 0 0 0   0 (1,300) 0 (47)
Net Earnings (Loss) Attributable to Esterline   $ 65,863 $ 38,238 $ 35,522 $ 25,111 $ 61,660 $ (17,104) $ 45,191   $ 22,788 $ 164,734 $ 112,535 $ 133,040
Earnings (Loss) Per Share Attributable to Esterline - Basic:                          
Continuing operations   $ 2.11 $ 1.25 $ 1.14 $ 0.81 $ 2.00 $ (0.55) $ 1.47   $ 0.74 $ 5.32 $ 3.66 $ 4.36
Discontinued operations   $ (0.01) $ (0.03) $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00   $ 0.00 $ (0.04) $ 0.00 $ 0.00
Earnings (Loss) Per Share Attributable to Esterline - Basic   $ 2.10 $ 1.22 $ 1.14 $ 0.81 $ 2.00 $ (0.55) $ 1.47   $ 0.74 $ 5.28 $ 3.66 $ 4.36
Earnings (Loss) Per Share Attributable to Esterline - Diluted:                          
Continuing operations   $ 2.07 $ 1.23 $ 1.12 $ 0.80 $ 1.97 $ (0.55) $ 1.44   $ 0.73 $ 5.23 $ 3.60 $ 4.27
Discontinued operations   $ (0.01) $ (0.03) $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00   $ 0.00 $ (0.04) $ 0.00 $ 0.00
Earnings (Loss) Per Share Attributable to Esterline - Diluted   $ 2.06 [9] $ 1.20 [9] $ 1.12 [9] $ 0.80 [9] $ 1.97 [9] $ (0.55) [9] $ 1.44 [9]   $ 0.73 [9] $ 5.19 $ 3.60 $ 4.27
[1] Based on country from which the sale originated and the sale was recorded.
[2] Included a $10.0 million charge related to our pending matter with the DDTC.
[3] Included $8.2 million of income tax benefits related to the favorable resolution of certain tax matters.
[4] Included a $3.5 million goodwill impairment charge related to Racal Acoustics.
[5] Included $3.7 million of income tax benefits related to the favorable resolution of certain tax matters.
[6] Included a $52.2 million goodwill impairment charge related to Racal Acoustics.
[7] Included $4.6 million of income tax benefits related to the favorable resolution of certain tax matters.
[8] Included a $9.5 million gain on settlement of a contingency, net of tax.
[9] The sum of the quarterly per share amounts may not equal per shares amounts reported for year-to-date periods. This is due to changes in the number of weighted average shares outstanding and the effects of rounding for each period.