Earnings (Loss) Per Share

12 Months Ended

Jun. 27, 2015

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

Earnings per Share

A reconciliation of the numerators and denominators used in our basic and diluted EPS calculation is as follows (in millions):



	Fiscal Year
	2015		2014		2013
Numerator:
Net income	$	128.0	$	205.3	$	441.9

Denominator:
Weighted average shares outstanding for basic EPS	139.3		115.1		93.9
Dilutive effect of share-based awards	0.5		0.5		0.6
Weighted average shares outstanding for diluted EPS	139.8		115.6		94.5

Anti-dilutive share-based awards excluded from computation of diluted EPS	0.1		0.1		0.2

Shareholder's Equity

On and prior to December 18, 2013, our common stock consisted of common stock of Perrigo Company, a Michigan Corporation, and since December 19, 2013, our common stock has consisted of ordinary shares of Perrigo Company plc, incorporated under the laws of Ireland.

Prior to June 6, 2013, our common stock traded on the NASDAQ Global Select Market ("NASDAQ") under the symbol PRGO. Since June 6, 2013, our ordinary shares have traded on the New York Stock Exchange ("NYSE") under the symbol PRGO. In association with the acquisition of Agis Industries (1983) Ltd., our ordinary shares have been trading on the Tel Aviv Stock Exchange ("TASE") since March 16, 2005.

In January 2003, the Board of Directors adopted a policy of paying quarterly dividends. We paid dividends of $64.8 million, $46.1 million, and $33.0 million, or $0.46, $0.39, and $0.35 per share, during fiscal years 2015, 2014, and 2013, respectively. The declaration and payment of dividends and the amount paid, if any, are subject to the discretion of the Board of Directors and depend on our earnings, financial condition, capital and surplus requirements and other factors the Board of Directors may consider relevant.