Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.4.0.3
Earnings Per Share
6 Months Ended
Mar. 31, 2016
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 March 31, 2016 and 2015, potential dilutive effects, representing approximately 800,000 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
March 31,
 
Six Months Ended
March 31,
 
2016
 
2015
 
2016
 
2015
Net income(1)
$
26.1

 
$
30.7

 
$
46.1

 
$
60.2

Weighted average shares outstanding (basic - in millions)
63.3

 
63.3

 
63.3

 
63.2

Effect of dilutive stock options and other unvested equity awards (in millions)
0.5

 
0.6

 
0.5

 
0.6

Weighted average shares outstanding (diluted - in millions)
63.8

 
63.9

 
63.8

 
63.8

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.41

 
$
0.49

 
$
0.73

 
$
0.95

Diluted earnings per share
$
0.41

 
$
0.48

 
$
0.72

 
$
0.94

 
 
 
 
 
 
 
 
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions)
1.3

 
0.7

 
0.7

 
0.7

 
(1) Net income attributable to Hillenbrand