Schedule of Earnings Per Share, Basic and Diluted |
The following table presents the basis for income per share computations (in millions, except share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | Nine Months Ended | | | | | December 31, 2019 | | December 31, 2018 | | December 31, 2019 | | December 31, 2018 | Basic net income (loss) per share attributable to Rexnord common stockholders | | | | | | | | | Numerator: | | | | | | | | | Net income from continuing operations | | $ | 48.4 | | | $ | 52.9 | | | $ | 153.6 | | | $ | 141.3 | | Less: Non-controlling interest (loss) income | | (0.1) | | | (0.3) | | | 0.2 | | | (0.1) | | Less: Dividends on preferred stock | | 2.8 | | | 5.8 | | | 14.4 | | | 17.4 | | Net income from continuing operations attributable to Rexnord common stockholders | | $ | 45.7 | | | $ | 47.4 | | | $ | 139.0 | | | $ | 124.0 | | | | | | | | | | | Loss from discontinued operations, net of tax | | $ | — | | | $ | (27.8) | | | $ | (1.8) | | | $ | (154.3) | | | | | | | | | | | Net income (loss) attributable to Rexnord common stockholders | | $ | 45.7 | | | $ | 19.6 | | | $ | 137.2 | | | $ | (30.3) | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average common shares outstanding, basic | | 113,448 | | | 104,777 | | | 108,250 | | | 104,562 | | | | | | | | | | | Diluted net income (loss) per share attributable to Rexnord common stockholders | | | | | | | | | Numerator: | | | | | | | | | Net income from continuing operations | | $ | 48.4 | | | $ | 52.9 | | | $ | 153.6 | | | $ | 141.3 | | Less: Non-controlling interest (loss) income | | (0.1) | | | (0.3) | | | 0.2 | | | (0.1) | | Less: Dividends on preferred stock | | — | | | — | | | — | | | — | | Net income from continuing operations attributable to Rexnord common stockholders | | $ | 48.5 | | | $ | 53.2 | | | $ | 153.4 | | | $ | 141.4 | | | | | | | | | | | Loss from discontinued operations, net of tax | | $ | — | | | $ | (27.8) | | | $ | (1.8) | | | $ | (154.3) | | | | | | | | | | | Net income (loss) attributable to Rexnord common stockholders | | $ | 45.7 | | | $ | 19.6 | | | $ | 137.2 | | | $ | (30.3) | | Plus: Dividends on preferred stock | | 2.8 | | | 5.8 | | | 14.4 | | | 17.4 | | Net income (loss) attributable to Rexnord common stockholders | | $ | 48.5 | | | $ | 25.4 | | | $ | 151.6 | | | $ | (12.9) | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average common shares outstanding, basic | | 113,448 | | | 104,777 | | | 108,250 | | | 104,562 | | Effect of dilutive equity securities | | 2,246 | | | 2,289 | | | 2,253 | | | 2,794 | | Preferred stock under the "if-converted" method (1) | | 7,989 | | | 15,979 | | | 13,307 | | | 15,979 | | Weighted-average common shares outstanding, diluted | | 123,683 | | | 123,045 | | | 123,810 | | | 123,335 | |
____________________ (1)During the third quarter of fiscal 2020, the Company issued 15,980,050 shares of common stock upon the mandatory conversion of Preferred stock; see Note 8, Stockholders' Equity for additional information.
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