Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.2
Earnings Per Share
9 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
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 June 30, 2019 and 2018, potential dilutive effects, representing approximately 400,000 shares at each period, 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
June 30,
 
Nine Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
Net income (1)
$
30.4

 
$
35.9

 
$
96.7

 
$
32.1

Weighted average shares outstanding (basic - in millions)
63.0

 
62.8

 
62.9

 
63.2

Effect of dilutive stock options and other unvested equity awards (in millions)
0.4

 
0.7

 
0.5

 
0.7

Weighted average shares outstanding (diluted - in millions)
63.4

 
63.5

 
63.4

 
63.9

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.48

 
$
0.57

 
$
1.54

 
$
0.51

Diluted earnings per share
$
0.48

 
$
0.56

 
$
1.52

 
$
0.50

 
 
 
 
 
 
 
 
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions)
1.1

 
0.5

 
0.9

 
0.4

 
(1) Net income attributable to Hillenbrand