Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.4
Earnings Per Share
3 Months Ended
Dec. 31, 2020
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 consolidated balance sheet date.  At both December 31, 2020 and 2019, potential dilutive effects, representing approximately 448,000 and 256,000 shares, respectively, were excluded from the computation of diluted earnings per share as the related performance criteria were not yet met, although the Company expects to meet various levels of criteria in the future.
Three Months Ended
December 31,
  2020 2019
Net income (loss) attributable to Hillenbrand $ 76.4  $ (3.1)
Weighted average shares outstanding (basic - in millions) 75.3  68.4 
Effect of dilutive stock options and other unvested equity awards (in millions) (1)
0.2  — 
Weighted average shares outstanding (diluted - in millions) 75.5  68.4 
Basic earnings (loss) per share $ 1.01  $ (0.05)
Diluted earnings (loss) per share $ 1.01  $ (0.05)
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions) 1.4  2.4 
 
(1)As a result of the net loss attributable to Hillenbrand during the three months ended December 31, 2019, the effect of stock options and other unvested equity awards would be antidilutive. In accordance with GAAP, they have been excluded from the diluted earnings per share calculation.