EX-11 2 esl-ex11_9.htm EX-11 esl-ex11_9.htm

EXHIBIT 11

 

 

ESTERLINE TECHNOLOGIES CORPORATION

Computation of Basic and Diluted Earnings (Loss) Per Common Share

For the Three and Nine Months Ended June 29, 2018, and June 30, 2017

(Unaudited)

(In thousands, except per share amounts)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

June 29,

 

 

June 30,

 

 

June 29,

 

 

June 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Shares Outstanding

 

29,430

 

 

 

29,830

 

 

 

29,649

 

 

 

29,698

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations

$

1.01

 

 

$

1.07

 

 

$

0.63

 

 

$

2.94

 

Discontinued Operations

 

(0.06

)

 

 

(0.03

)

 

 

(0.07

)

 

 

(0.21

)

Earnings (Loss) Per Share

$

0.95

 

 

$

1.04

 

 

$

0.56

 

 

$

2.73

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Shares Outstanding

 

29,430

 

 

 

29,830

 

 

 

29,649

 

 

 

29,698

 

Net Shares Assumed to be Issued for Stock Options

   and RSUs

 

118

 

 

 

238

 

 

 

126

 

 

 

255

 

Weighted Average Number of Shares and Equivalent

   Shares Outstanding - Diluted

 

29,548

 

 

 

30,068

 

 

 

29,775

 

 

 

29,953

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations

$

1.00

 

 

$

1.06

 

 

$

0.63

 

 

$

2.92

 

Discontinued Operations

 

(0.06

)

 

 

(0.03

)

 

 

(0.07

)

 

 

(0.21

)

Earnings (Loss) Per Share

$

0.94

 

 

$

1.03

 

 

$

0.56

 

 

$

2.71