Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
12 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per Share
 
The dilutive effects of performance-based stock awards described in Note 9 are included in the computation of diluted earnings per share at the level the related performance criteria are met through the respective balance sheet date.  At September 30, 2017, 2016, and 2015, potential dilutive effects, representing 600,000, 800,000, and 1,600,000 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.

 
Year Ended September 30,
 
2017
 
2016
 
2015
Net income(1)
$
126.2

 
$
112.8

 
$
111.4

Weighted average shares outstanding — basic (in millions)
63.6

 
63.3

 
63.2

Effect of dilutive stock options and unvested time-based
restricted stock (in millions)
0.4

 
0.5

 
0.7

Weighted average shares outstanding — diluted (in millions)
64.0

 
63.8

 
63.9

 


 


 


Earnings per share — basic
$
1.99

 
$
1.78

 
$
1.76

Earnings per share — diluted
$
1.97

 
$
1.77

 
$
1.74

 
 
 
 
 
 
Shares with anti-dilutive effect excluded from the computation
of diluted earnings per share (millions)
0.4

 
0.8

 
0.7

 
 
(1) Net income attributable to Hillenbrand