EX-11 3 esl-ex11_201501306.htm EX-11

EXHIBIT 11

 

 

ESTERLINE TECHNOLOGIES CORPORATION

Computation of Basic and Diluted Earnings Per Common Share

For the Three Month Periods Ended January 30, 2015 and January 31, 2014

(Unaudited)

(In thousands, except per share amounts)

 

 

 

Three Months Ended

 

 

 

January 30,

 

 

January 31,

 

 

 

2015

 

 

2014

 

Net Sales

 

$

446,344

 

 

$

485,940

 

Gross Margin

 

 

145,350

 

 

 

170,735

 

 

 

 

 

 

 

 

 

 

Net Earnings from Continuing Operations Attributable to Esterline, Net of Tax

 

 

25,058

 

 

 

33,943

 

Loss from Discontinued Operations Attributable to Esterline, Net of Tax

 

 

(16,739

)

 

 

(3,865

)

Net Earnings Attributable to Esterline

 

$

8,319

 

 

$

30,078

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Shares Outstanding

 

 

31,608

 

 

 

31,608

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Continuing Operations

 

$

0.79

 

 

$

1.07

 

Discontinued Operations

 

 

(0.53

)

 

 

(0.12

)

Earnings (Loss) Per Share Attributable to Esterline - Basic

 

$

0.26

 

 

$

0.95

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Shares Outstanding

 

 

31,608

 

 

 

31,608

 

Net Shares Assumed to be Issued for Stock Options and RSUs

 

 

546

 

 

 

622

 

Weighted Average Number of Shares and

   Equivalent Shares Outstanding - Diluted

 

 

32,154

 

 

 

32,230

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Continuing Operations

 

$

0.78

 

 

$

1.05

 

Discontinued Operations

 

 

(0.52

)

 

 

(0.12

)

Earnings (Loss) Per Share Attributable to Esterline - Diluted

 

$

0.26

 

 

$

0.93