Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
9 Months Ended
Jun. 30, 2014
Earnings Per Share  
Earnings Per Share

8.              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, 2014 and 2013, potential dilutive effects, representing approximately 1,800,000 and 2,000,000 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.

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Net income(1)

 

$

32.8

 

$

13.3

 

$

86.1

 

$

40.3

 

Weighted average shares outstanding (basic - in millions)

 

63.1

 

62.8

 

63.2

 

62.7

 

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

 

0.6

 

0.4

 

0.6

 

0.3

 

Weighted average shares outstanding (diluted - in millions)

 

63.7

 

63.2

 

63.8

 

63.0

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.52

 

$

0.21

 

$

1.36

 

$

0.64

 

Diluted earnings per share

 

$

0.51

 

$

0.21

 

$

1.35

 

$

0.64

 

 

 

 

 

 

 

 

 

 

 

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

 

0.4

 

1.8

 

0.4

 

1.7

 

 

 

(1)     Net income attributable to Hillenbrand