Exhibit 11.1
ESTERLINE TECHNOLOGIES CORPORATION
(In thousands, except per share amounts)
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| Eleven |
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| Months |
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| Twelve Months Ended |
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| Ended |
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| 2017 |
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| 2016 |
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| 2015 |
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| 2014 |
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| 2013 |
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| 2015 |
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| (Restated) |
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| (Restated) |
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| (Unaudited) (Recast) (Restated) |
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| (Restated) |
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| (Restated) |
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Computation of Earnings Per Share - Basic |
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Weighted Average Number of Shares Outstanding |
| 29,767 |
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| 29,490 |
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| 30,729 |
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| 31,840 |
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| 31,173 |
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| 30,729 |
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Earnings (Loss) Per Share Attributable to Esterline - Basic: |
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Continuing Operations | $ | 4.00 |
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| $ | 3.84 |
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| $ | 4.11 |
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| $ | 5.16 |
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| $ | 5.42 |
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| $ | 3.10 |
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Discontinued Operations |
| (0.25 | ) |
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| (0.52 | ) |
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| (1.31 | ) |
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| (1.97 | ) |
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| (0.14 | ) |
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| (1.21 | ) |
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Earnings Per Share | $ | 3.75 |
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| $ | 3.32 |
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| $ | 2.80 |
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| $ | 3.19 |
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| $ | 5.28 |
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| $ | 1.89 |
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Computation of Earnings Per Share - Diluted |
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Weighted Average Number of Shares Outstanding |
| 29,767 |
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| 29,490 |
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| 30,729 |
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| 31,840 |
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| 31,173 |
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| 30,729 |
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Net Shares Assumed to be Issued for Stock Options and RSUs |
| 236 |
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| 274 |
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| 486 |
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| 608 |
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| 565 |
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| 486 |
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Weighted Average Number of Shares and Equivalent Shares Outstanding - Diluted |
| 30,003 |
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| 29,764 |
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| 31,215 |
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| 32,448 |
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| 31,738 |
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| 31,215 |
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Earnings (Loss) Per Share Attributable to Esterline - Diluted: |
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Continuing Operations | $ | 3.96 |
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| $ | 3.80 |
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| $ | 4.05 |
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| $ | 5.06 |
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| $ | 5.33 |
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| $ | 3.05 |
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Discontinued Operations |
| (0.24 | ) |
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| (0.51 | ) |
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| (1.29 | ) |
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| (1.93 | ) |
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| (0.14 | ) |
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| (1.19 | ) |
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Earnings Per Share | $ | 3.72 |
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| $ | 3.29 |
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| $ | 2.76 |
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| $ | 3.13 |
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| $ | 5.19 |
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| $ | 1.86 |
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