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Earnings Per Share
6 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 3. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is calculated by dividing the Company’s Net earnings by the basic Weighted-average shares outstanding for the periods presented.

Diluted EPS reflects the potential dilution that could occur if outstanding stock options at the presented date are exercised and shares of restricted stock units have vested.

 

The computation of diluted EPS did not include 0.1 million and 1.9 million options to purchase Broadridge common stock for the three months ended December 31, 2013 and 2012, respectively, and 0.1 million and 2.3 million options to purchase Broadridge common stock for the six months ended December 31, 2013 and 2012, respectively, as the effect of their inclusion would have been anti-dilutive.

The following table sets forth the denominators of the basic and diluted EPS computations (in millions):

 

     Three Months Ended
December 31,
     Six Months Ended
December 31,
 
     2013      2012      2013      2012  

Weighted-average shares outstanding:

           

Basic

     119.2         122.0         119.1         123.0   

Common stock equivalents

     4.9         3.5         4.5         3.3   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

     124.1         125.5         123.6         126.3