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CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 01, 2016
Jun. 26, 2015
[1]
Jul. 01, 2016
Jun. 26, 2015
[1]
Income Statement [Abstract]        
Net Sales $ 517,092 $ 484,723 $ 1,448,879 $ 1,457,544
Cost of Sales 343,508 319,433 981,403 963,996
Gross Profit 173,584 165,290 467,476 493,548
Expenses        
Selling, general & administrative 96,769 92,028 293,283 289,549
Research, development and engineering 22,211 26,401 72,760 75,075
Restructuring charges 559 1,135 2,430 6,062
Other (income) expense 0 0 0 (12,744)
Total Expenses 119,539 119,564 368,473 357,942
Operating Earnings from Continuing Operations 54,045 45,726 99,003 135,606
Interest Income (30) (87) (211) (406)
Interest Expense 7,659 10,393 22,169 24,409
Loss on Extinguishment of Debt 0 329 0 329
Earnings from Continuing Operations Before Income Taxes 46,416 35,091 77,045 111,274
Income Tax Expense (Benefit) 7,975 6,744 11,358 23,430
Earnings from Continuing Operations Including Noncontrolling Interests 38,441 28,347 65,687 87,844
Loss (Earnings) Attributable to Noncontrolling Interests (395) (125) (781) (216)
Earnings from Continuing Operations Attributable to Esterline, Net of Tax 38,046 28,222 64,906 87,628
Loss from Discontinued Operations Attributable to Esterline, Net of Tax (8,690) (558) [2] (15,493) (21,034) [2]
Net Earnings Attributable to Esterline $ 29,356 $ 27,664 $ 49,413 $ 66,594
Earnings (Loss) Per Share Attributable to Esterline - Basic:        
Continuing operations $ 1.30 $ 0.92 $ 2.19 $ 2.81
Discontinued operations (0.30) (0.02) (0.52) (0.67)
Earnings (Loss) Per Share - Basic 1.00 0.90 1.67 2.14
Earnings (Loss) Per Share Attributable to Esterline - Diluted:        
Continuing operations 1.28 0.90 2.18 2.76
Discontinued operations (0.29) (0.02) (0.52) (0.66)
Earnings (Loss) Per Share - Diluted $ 0.99 $ 0.88 $ 1.66 $ 2.10
Net Earnings $ 29,356 $ 27,664 $ 49,413 $ 66,594
Change in Fair Value of Derivative Financial Instruments 888 13,408 16,989 (5,339)
Income Tax Expense (Benefit) 68 3,234 4,562 (2,448)
Change in Fair Value of Derivative Financial Instruments, Net of Tax 820 10,174 12,427 (2,891)
Change in Pension and Post-Retirement Obligations 1,163 19 3,351 (607)
Income Tax Expense (Benefit) (47) 137 793 (175)
Change in Pension and Post-Retirement Obligations, Net of Tax 1,210 (118) 2,558 (432)
Currency Translation Adjustment (26,044) 31,598 (34,259) (140,998)
Comprehensive Income (Loss) $ 5,342 $ 69,318 $ 30,139 $ (77,727)
[1] (Recast)
[2] recast