Attached files

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EX-31.2 - EX-31.2 - ESTERLINE TECHNOLOGIES CORPesl-ex312_6.htm
EX-32.1 - EX-32.1 - ESTERLINE TECHNOLOGIES CORPesl-ex321_8.htm
EX-31.1 - EX-31.1 - ESTERLINE TECHNOLOGIES CORPesl-ex311_9.htm
EX-32.2 - EX-32.2 - ESTERLINE TECHNOLOGIES CORPesl-ex322_10.htm
EX-10.1 - EX-10.1 - ESTERLINE TECHNOLOGIES CORPesl-ex101_265.htm
EX-10.2 - EX-10.2 - ESTERLINE TECHNOLOGIES CORPesl-ex102_266.htm
EX-10.3 - EX-10.3 - ESTERLINE TECHNOLOGIES CORPesl-ex103_353.htm
10-Q - 10-Q - ESTERLINE TECHNOLOGIES CORPesl-10q_20160101.htm

 

EXHIBIT 11

 

 

ESTERLINE TECHNOLOGIES CORPORATION

Computation of Basic and Diluted Earnings Per Common Share

For the Three Month Periods Ended January 1, 2016 and December 26, 2014

(Unaudited)

(In thousands, except per share amounts)

 

 

Three Months Ended

 

 

 

January 1,

 

 

December 26,

 

 

 

2016

 

 

2014

 

 

 

 

 

 

 

(Recast)

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

441,477

 

 

$

504,611

 

Gross Margin

 

 

137,719

 

 

 

178,241

 

 

 

 

 

 

 

 

 

 

Net Earnings from Continuing Operations Attributable

   to Esterline, Net of Tax

 

 

9,864

 

 

 

34,546

 

Loss from Discontinued Operations Attributable to

   Esterline, Net of Tax

 

 

(4,780

)

 

 

(5,947

)

Net Earnings Attributable to Esterline

 

$

5,084

 

 

$

28,599

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Shares Outstanding

 

 

29,582

 

 

 

31,790

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Continuing Operations

 

$

0.33

 

 

$

1.09

 

Discontinued Operations

 

 

(0.16

)

 

 

(0.19

)

Earnings (Loss) Per Share Attributable to Esterline - Basic

 

$

0.17

 

 

$

0.90

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Shares Outstanding

 

 

29,582

 

 

 

31,790

 

Net Shares Assumed to be Issued for Stock Options and RSUs

 

 

357

 

 

 

574

 

Weighted Average Number of Shares and

   Equivalent Shares Outstanding - Diluted

 

 

29,939

 

 

 

32,364

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Continuing Operations

 

$

0.33

 

 

$

1.06

 

Discontinued Operations

 

 

(0.16

)

 

 

(0.18

)

Earnings (Loss) Per Share Attributable to Esterline - Diluted

 

$

0.17

 

 

$

0.88