EX-11.1 8 esl-ex111_6.htm EX-11.1 esl-ex111_6.htm

Exhibit 11.1

ESTERLINE TECHNOLOGIES CORPORATION

(In thousands, except per share amounts)

 

 

 

Eleven Months Ended

 

 

Twelve Months Ended

 

 

2015

 

 

2014

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

 

 

 

 

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of Earnings Per Share - Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings from Continuing

   Operations Attributable to

   Esterline, Net of Tax

$

96,665

 

 

$

133,694

 

 

$

165,029

 

 

$

169,125

 

 

$

112,032

 

 

$

135,248

 

Earnings (Loss) from Dis-

   continued Operations Attrib-

   utable to Esterline, Net of Tax

 

(37,053

)

 

 

(59,240

)

 

 

(62,611

)

 

 

(4,391

)

 

 

503

 

 

 

(2,208

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings Attributable to

   Esterline

$

59,612

 

 

$

74,454

 

 

$

102,418

 

 

$

164,734

 

 

$

112,535

 

 

$

133,040

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of

   Shares Outstanding

 

30,729

 

 

 

31,839

 

 

 

31,840

 

 

 

31,173

 

 

 

30,749

 

 

 

30,509

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations

$

3.15

 

 

$

4.20

 

 

$

5.19

 

 

$

5.42

 

 

$

3.64

 

 

$

4.43

 

Discontinued Operations

 

(1.21

)

 

 

(1.86

)

 

 

(1.97

)

 

 

(0.14

)

 

 

0.02

 

 

 

(0.07

)

Earnings (Loss) Per Share

   Attributable to Esterline - Basic

$

1.94

 

 

$

2.34

 

 

$

3.22

 

 

$

5.28

 

 

$

3.66

 

 

$

4.36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of Earnings Per Share - Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings from Continuing

   Operations Attributable to

   Esterline, Net of Tax

$

96,665

 

 

$

133,694

 

 

$

165,029

 

 

$

169,125

 

 

$

112,032

 

 

$

135,248

 

Earnings (Loss) from Dis-

   continued Operations Attrib-

   utable to Esterline, Net of Tax

 

(37,053

)

 

 

(59,240

)

 

 

(62,611

)

 

 

(4,391

)

 

 

503

 

 

 

(2,208

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings Attributable to Esterline

$

59,612

 

 

$

74,454

 

 

$

102,418

 

 

$

164,734

 

 

$

112,535

 

 

$

133,040

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of

   Shares Outstanding

 

30,729

 

 

 

31,839

 

 

 

31,840

 

 

 

31,173

 

 

 

30,749

 

 

 

30,509

 

Net Shares Assumed to be Issued

   for Stock Options and RSUs

 

486

 

 

 

604

 

 

 

608

 

 

 

565

 

 

 

533

 

 

 

645

 

Weighted Average Number of

   Shares and Equivalent Shares

   Outstanding - Diluted

 

31,215

 

 

 

32,443

 

 

 

32,448

 

 

 

31,738

 

 

 

31,282

 

 

 

31,154

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations

$

3.10

 

 

$

4.12

 

 

$

5.09

 

 

$

5.33

 

 

$

3.58

 

 

$

4.34

 

Discontinued Operations

 

(1.19

)

 

 

(1.83

)

 

 

(1.93

)

 

 

(0.14

)

 

 

0.02

 

 

 

(0.07

)

Earnings (Loss) Per Share

   Attributable to Esterline -

   Diluted

$

1.91

 

 

$

2.29

 

 

$

3.16

 

 

$

5.19

 

 

$

3.60

 

 

$

4.27