Annual report pursuant to Section 13 and 15(d)

Earnings per Share

v2.4.0.8
Earnings per Share
12 Months Ended
Sep. 30, 2013
Earnings per Share  
Earnings per Share

8.                    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, 2013, 2012, and 2011, potential dilutive effects, representing 2,100,000, 1,300,000, and 1,100,000 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,

 

 

 

2013

 

2012

 

2011

 

Net income(1)

 

$

63.4

 

$

104.8

 

$

106.1

 

Weighted average shares outstanding — basic (in millions)

 

62.7

 

62.2

 

62.0

 

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

 

0.3

 

0.2

 

 

Weighted average shares outstanding — diluted (in millions)

 

63.0

 

62.4

 

62.0

 

 

 

 

 

 

 

 

 

Earnings per share — basic

 

$

1.01

 

$

1.68

 

$

1.71

 

Earnings per share — diluted

 

$

1.01

 

$

1.68

 

$

1.71

 

 

 

 

 

 

 

 

 

Anti-dilutive effect of stock options and unvested time-based restricted stock excluded from the computation of diluted earnings per share (millions)

 

1.3

 

2.0

 

1.9

 

 

(1) Net income attributable to Hillenbrand