EXHIBIT 11
ESTERLINE TECHNOLOGIES CORPORATION
Computation of Basic and Diluted Earnings Per Common Share
For the Three and Nine Month Periods Ended July 31, 2015 and August 1, 2014
(Unaudited)
(In thousands, except per share amounts)
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| Three Months Ended |
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| Nine Months Ended |
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| July 31, |
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| August 1, |
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| July 31, |
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| August 1, |
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| 2015 |
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| 2014 |
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| 2015 |
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| 2014 |
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Net Sales |
| $ | 496,217 |
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| $ | 506,309 |
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| $ | 1,442,641 |
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| $ | 1,503,110 |
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Gross Margin |
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| 169,796 |
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| 177,087 |
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| 478,797 |
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| 527,047 |
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Net Earnings from Continuing Operations Attributable to Esterline, Net of Tax |
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| 30,190 |
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| 39,837 |
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| 76,880 |
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| 114,375 |
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Loss from Discontinued Operations Attributable to Esterline, Net of Tax |
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| (1,693 | ) |
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| (929 | ) |
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| (20,254 | ) |
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| (8,485 | ) |
Net Earnings Attributable to Esterline |
| $ | 28,497 |
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| $ | 38,908 |
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| $ | 56,626 |
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| $ | 105,890 |
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Basic |
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Weighted Average Number of Shares Outstanding |
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| 30,397 |
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| 31,995 |
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| 31,003 |
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| 31,818 |
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Earnings (Loss) Per Share Attributable to Esterline - Basic: |
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Continuing Operations |
| $ | 1.00 |
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| $ | 1.25 |
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| $ | 2.48 |
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| $ | 3.60 |
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Discontinued Operations |
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| (0.06 | ) |
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| (0.03 | ) |
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| (0.65 | ) |
|
| (0.27 | ) |
Earnings (Loss) Per Share Attributable to Esterline - Basic |
| $ | 0.94 |
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| $ | 1.22 |
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| $ | 1.83 |
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| $ | 3.33 |
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Diluted |
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Weighted Average Number of Shares Outstanding |
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| 30,397 |
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| 31,995 |
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| 31,003 |
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| 31,818 |
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Net Shares Assumed to be Issued for Stock Options and RSUs |
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| 517 |
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| 596 |
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| 528 |
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| 609 |
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Weighted Average Number of Shares and Equivalent Shares Outstanding - Diluted |
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| 30,914 |
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| 32,591 |
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| 31,531 |
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| 32,427 |
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Earnings (Loss) Per Share Attributable to Esterline - Diluted: |
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Continuing Operations |
| $ | 0.97 |
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| $ | 1.22 |
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| $ | 2.44 |
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| $ | 3.53 |
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Discontinued Operations |
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| (0.05 | ) |
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| (0.03 | ) |
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| (0.64 | ) |
|
| (0.26 | ) |
Earnings (Loss) Per Share Attributable to Esterline - Diluted |
| $ | 0.92 |
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| $ | 1.19 |
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| $ | 1.80 |
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| $ | 3.27 |
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