ESTERLINE TECHNOLOGIES CORP - FORM 10-Q - EX-11 - COMPUTATION OF BASIC AND DILUTED EARNINGS PER COMMON SHARE - June 3, 2011

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EXHIBIT 11

ESTERLINE TECHNOLOGIES CORPORATION

Computation of Basic and Diluted Earnings Per Common Share

For the Three and Six Month Periods Ended April 29, 2011 and April 30, 2010

(Unaudited)

(In thousands, except per share amounts)

 

     Three Months Ended      Six Months Ended  
         April 29,    
2011		         April 30,    
2010		          April 29,    
2011		         April 30,    
2010		  

Net Sales

    $         435,277      $         382,492       $         806,076      $         717,802   

Gross Margin

      160,947        126,636         293,069        229,307   

Net Earnings from Continuing Operations
Attributable to Esterline

    $ 45,951      $ 29,110       $ 75,934      $ 41,495   

Net Earnings (Loss) from Discontinued
Operations Attributable to Esterline

      (37 )      538         (29 )      878   
                                 

Net Earnings Attributable to Esterline

    $ 45,914      $ 29,648       $ 75,905      $ 42,373   
                                 

Basic

          

Weighted Average Number of
Shares Outstanding

      30,496        29,908         30,422        29,848   
                                 

Earnings Per Share Attributable to Esterline – Basic:

  

Continuing Operations

    $ 1.51      $ .97       $ 2.50      $ 1.39   

Discontinued Operations

      .00        .02         .00        .03   
                                 

Earnings Per Share Attributable
to Esterline – Basic

    $ 1.51      $ .99       $ 2.50      $ 1.42   
                                 

Diluted

          

Weighted Average Number of
Shares Outstanding

      30,496        29,908         30,422        29,848   

Net Shares Assumed to be Issued
for Stock Options

      664        498         664        464   
                                 

Weighted Average Number of Shares
and Equivalent Shares
Outstanding – Diluted

      31,160        30,406         31,086        30,312   
                                 

Earnings Per Share Attributable to Esterline – Diluted:

          

Continuing Operations

    $ 1.47      $ .96       $ 2.44      $ 1.37   

Discontinued Operations

      .00        .02         .00        .03   
                                 

Earnings Per Share Attributable
to Esterline – Diluted

    $ 1.47      $ .98       $ 2.44      $ 1.40   
                                 

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