Earnings Per Share Computations

12 Months Ended

Dec. 31, 2015

EARNINGS PER SHARE COMPUTATIONS

The Company considers unvested share-based payment awards that contain nonforfeitable rights to receive dividends or dividend equivalents (whether paid or unpaid) to be participating securities, and thus includes them in the two-class method of computing earnings per share. Participating securities include a portion of the Company’s unvested employee stock awards, which receive nonforfeitable cash payments equal to the dividend on the Company’s common stock. The calculation of earnings per share for common stock shown below excludes the income attributable to the participating securities from the numerator and excludes the dilutive impact of those awards from the denominator.



(in millions, except per share amounts)	2015			2014			2013
Numerator
Net income attributable to Bemis Company, Inc.	$	239.3		$	191.1		$	212.6
Income allocated to participating securities	—			—			(0.2		)
Net income available to common shareholders (1)	$	239.3		$	191.1		$	212.4

Denominator
Weighted-average common shares outstanding — basic	96.7			100.2			102.9
Dilutive shares	1.2			1.0			1.0
Weighted-average common and common equivalent shares outstanding — diluted	97.9			101.2			103.9

Per common share income
Basic	$	2.47		$	1.91		$	2.06
Diluted	$	2.44		$	1.89		$	2.04

(1) Basic weighted-average common shares outstanding	96.7			100.2			102.9
Basic weighted-average common shares outstanding and participating securities	96.7			100.2			103.0
Percentage allocated to common shareholders	100.0		%	100.0		%	99.9		%

Certain stock awards outstanding were not included in the computation of diluted earnings per share above because they would not have had a dilutive effect. There were no anti-dilutive stock awards outstanding at December 31, 2015. The excluded stock awards represented an aggregate of 0.3 million shares at December 31, 2014 and 2013.