Annual report pursuant to Section 13 and 15(d)

(Loss) Earnings Per Share

v3.22.2.2
(Loss) Earnings Per Share
12 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
(Loss) Earnings Per Share Earnings (Loss) per Share
 
The dilutive effects of performance-based stock awards described in Note 10 are included in the computation of diluted earnings per share at the level the related performance criteria are met through the respective Consolidated Balance Sheet date.  At September 30, 2022, 2021, and 2020, potential dilutive effects representing 373,000, 450,000, and 400,000 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.
  Year Ended September 30,
  2022 2021 2020
Net income (loss) attributable to Hillenbrand $ 208.9  $ 249.9  $ (60.1)
Weighted average shares outstanding — basic (in millions) 71.7  74.9  73.4 
Effect of dilutive stock options and unvested time-based
restricted stock (in millions) (1)
0.5  0.5  — 
Weighted average shares outstanding — diluted (in millions) 72.2  75.4  73.4 
Basic earnings (loss) per share $ 2.91  $ 3.34  $ (0.82)
Diluted earnings (loss) per share $ 2.89  $ 3.31  $ (0.82)
Shares with anti-dilutive effect excluded from the computation
of diluted earnings per share (millions)
0.3  0.8  2.8 
(1)As a result of the net loss attributable to Hillenbrand during the year ended September 30, 2020, the effect of stock options and other unvested equity awards were antidilutive. In accordance with GAAP, they have been excluded from the diluted earnings per share calculation.