EX-11.1 4 esl-ex111_201410316.htm EX-11.1

Exhibit 11.1

ESTERLINE TECHNOLOGIES CORPORATION

(In thousands, except per share amounts)

 

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

 

2010

 

 

Computation of Earnings Per Share - Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings from Continuing

   Operations Attributable to

   Esterline, Net of Tax

$

166,007

 

 

$

170,994

 

 

$

113,154

 

 

$

135,553

 

 

$

124,857

 

 

Loss from Discontinued Operations

   Attributable to Esterline,

   Net of Tax

 

(63,589

)

 

 

(6,260

)

 

 

(619

)

 

 

(2,513

)

 

 

17,063

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings Attributable to

   Esterline

$

102,418

 

 

$

164,734

 

 

$

112,535

 

 

$

133,040

 

 

$

141,920

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of

   Shares Outstanding

 

31,840

 

 

 

31,173

 

 

 

30,749

 

 

 

30,509

 

 

 

29,973

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations

$

5.22

 

 

$

5.48

 

 

$

3.68

 

 

$

4.44

 

 

$

4.16

 

 

Discontinued Operations

 

(2.00

)

 

 

(0.20

)

 

 

(0.02

)

 

 

(0.08

)

 

 

0.57

 

 

Earnings (Loss) Per Share

   Attributable to Esterline - Basic

$

3.22

 

 

$

5.28

 

 

$

3.66

 

 

$

4.36

 

 

$

4.73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of Earnings Per Share - Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings from Continuing

   Operations Attributable to

   Esterline, Net of Tax

$

166,007

 

 

$

170,994

 

 

$

113,154

 

 

$

135,553

 

 

$

124,857

 

 

Loss from Discontinued Operations

   Attributable to Esterline,

   Net of Tax

 

(63,589

)

 

 

(6,260

)

 

 

(619

)

 

 

(2,513

)

 

 

17,063

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings Attributable to Esterline

$

102,418

 

 

$

164,734

 

 

$

112,535

 

 

$

133,040

 

 

$

141,920

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of

   Shares Outstanding

 

31,840

 

 

 

31,173

 

 

 

30,749

 

 

 

30,509

 

 

 

29,973

 

 

Net Shares Assumed to be Issued

   for Stock Options and RSUs

 

608

 

 

 

565

 

 

 

533

 

 

 

645

 

 

 

504

 

 

Weighted Average Number of

   Shares and Equivalent Shares

   Outstanding - Diluted

 

32,448

 

 

 

31,738

 

 

 

31,282

 

 

 

31,154

 

 

 

30,477

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations

$

5.12

 

 

$

5.39

 

 

$

3.62

 

 

$

4.35

 

 

$

4.10

 

 

Discontinued Operations

 

(1.96

)

 

 

(0.20

)

 

 

(0.02

)

 

 

(0.08

)

 

 

0.56

 

 

Earnings (Loss) Per Share

   Attributable to Esterline - Diluted

$

3.16

 

 

$

5.19

 

 

$

3.60

 

 

$

4.27

 

 

$

4.66