Earnings Per Share

6 Months Ended

Jun. 30, 2015

3.Earnings Per Share

Net income per common share attributable to Bruker Corporation shareholders is calculated by dividing net income attributable to Bruker Corporation by the weighted-average shares outstanding during the period. The diluted net income per share computation includes the effect of shares which would be issuable upon the exercise of outstanding stock options and the vesting of restricted stock, reduced by the number of shares which are assumed to be purchased by the Company under the treasury stock method.

The following table sets forth the computation of basic and diluted weighted average shares outstanding (in millions, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Net income attributable to Bruker Corporation, as reported	$	21.9	$	16.4	$	28.4	$	25.1


Weighted average shares outstanding:
Weighted average shares outstanding-basic	168.3		167.6		168.3		167.5
Effect of dilutive securities:
Stock options and restricted stock	1.4		1.9		1.4		1.9

	169.7		169.5		169.7		169.4


Net income per common share attributable to Bruker Corporation shareholders:
Basic and diluted	$	0.13	$	0.10	$	0.17	$	0.15

Stock options to purchase approximately 0.9 million shares and 0.1 million shares were excluded from the computation of diluted earnings per share in the three months ended June 30, 2015 and 2014, respectively, as their effect would have been anti-dilutive. Approximately 1.4 million shares and 0.1 million shares were excluded from the computation of diluted earnings per share in the six months ended June 30, 2015 and 2014, respectively.

During the second quarter of 2015, the Company’s Board of Directors approved a share repurchase program under which the Company may repurchase the Company’s common stock in amounts intended to approximately offset, on an annual basis, the dilutive effect of shares that are, or may be, issued pursuant to option or restricted stock awards under the 2010 Plan. It is currently expected that the Company’s annual repurchase activity will initially target an amount not to exceed 1% of the total number of shares outstanding. As of June 30, 2015, 850,000 shares, or approximately 0.5% of the total shares outstanding as of March 31, 2015, have been repurchased at an aggregate cost of $17.2 million and are reflected within Treasury stock in the accompanying condensed consolidated balance sheet at June 30, 2015.