Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.3.1.900
Earnings Per Share
 3 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
The dilutive effects of performance-based stock awards were included in the computation of diluted earnings per share at the level the related performance criteria were met through the respective balance sheet date.  At December 31, 2015 and 2014, potential dilutive effects, representing approximately 1,300,000 and 1,400,000 shares, were excluded from the computation of diluted earnings per share as the related performance criteria were not yet met, although we expect to meet various levels of criteria in the future.

 
Three Months Ended
December 31,
 
2015
 
2014
Net income(1)
$
20.0

 
$
29.5

Weighted average shares outstanding (basic - in millions)
63.2

 
63.1

Effect of dilutive stock options and other unvested equity awards (in millions)
0.6

 
0.8

Weighted average shares outstanding (diluted - in millions)
63.8

 
63.9

 
 
 
 
Basic earnings per share
$
0.32

 
$
0.47

Diluted earnings per share
$
0.31

 
$
0.46

 
 
 
 
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions)
0.5

 
0.4

 
(1) Net income attributable to Hillenbrand