EX-11.1 8 d598726dex111.htm EX-11.1 EX-11.1

Exhibit 11.1

ESTERLINE TECHNOLOGIES CORPORATION

(In thousands, except per share amounts)

 

                                                                                                        
     2013     2012      2011     2010      2009  

Computation of Earnings Per Share – Basic

  

        

Earnings From Continuing Operations
Attributable to Esterline,
Net of Tax

    $ 166,034      $ 112,535       $ 133,087      $ 130,039       $ 105,568   

Earnings (Loss) From Discontinued
Operations Attributable to
Esterline, Net of Tax

      (1,300 )      0         (47 )      11,881         14,230   

 

  

 

Net Earnings Attributable to
Esterline

   

 

$

 

164,734

 

  

  

 

$

 

112,535

 

  

   

 

$

 

133,040

 

  

  

 

$

 

141,920

 

  

   

 

$

 

119,798

 

  

 

  

 

Weighted Average Number
of Shares Outstanding – Basic

   

 

 

 

31,173

 

  

  

 

 

 

30,749

 

  

   

 

 

 

30,509

 

  

  

 

 

 

29,973

 

  

   

 

 

 

29,717

 

  

 

  

 

Earnings (Loss) Per Share Attributable
to Esterline – Basic:

             

Continuing operations

    $ 5.32      $ 3.66       $ 4.36      $ 4.34       $ 3.55   

Discontinued operations

      (.04 )      .00         .00        .39         .48   

 

  

 

Earnings (Loss) Per Share Attributable
to Esterline – Basic

   

 

$

 

5.28

 

  

  

 

$

 

3.66

 

  

   

 

$

 

4.36

 

  

  

 

$

 

4.73

 

  

   

 

$

 

4.03

 

  

 

  

Computation of Earnings Per Share – Diluted

  

        

 

Earnings From Continuing Operations Attributable to Esterline,
Net of Tax

   

 

$

 

166,034

 

  

  

 

$

 

112,535

 

  

   

 

$

 

133,087

 

  

  

 

$

 

130,039

 

  

   

 

$

 

105,568

 

  

Earnings (Loss) From Discontinued
Operations Attributable to
Esterline, Net of Tax

      (1,300 )      0         (47 )      11,881         14,230   

 

  

Net Earnings Attributable to
Esterline

    $   164,734      $ 112,535       $ 133,040      $   141,920       $   119,798   

 

  

 

Weighted Average Number
of Shares Outstanding

   

 

 

 

31,173

 

  

  

 

 

 

30,749

 

  

   

 

 

 

30,509

 

  

  

 

 

 

29,973

 

  

   

 

 

 

29,717

 

  

Net Shares Assumed to be
Issued for Stock Options
and RSUs

      565        533         645        504         234   

 

  

Weighted Average Number
of Shares and Equivalent
Shares Outstanding – Diluted

      31,738        31,282         31,154        30,477         29,951   

 

  

 

Earnings (Loss) Per Share Attributable to Esterline – Diluted:

             

Continuing operations

    $ 5.23      $ 3.60       $ 4.27      $ 4.27       $ 3.52   

Discontinued operations

      (.04 )      .00         .00        .39         .48   

 

  

Earnings (Loss) Per Share Attributable to Esterline – Diluted

    $     5.19      $     3.60       $     4.27      $     4.66       $     4.00