Earnings Per Share

3 Months Ended

Sep. 26, 2015

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

Earnings per Share

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



	Three Months Ended
	September 26, 2015		September 27, 2014
Numerator:
Net income	$	112.6	$	96.3

Denominator:
Weighted average shares outstanding for basic EPS	146.3		133.9
Dilutive effect of share-based awards	0.6		0.5
Weighted average shares outstanding for diluted EPS	146.9		134.4

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

Shareholders' 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 under the symbol PRGO. Since June 6, 2013, our ordinary shares have traded on the New York Stock Exchange 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 since March 16, 2005.

We issued 154 thousand and 186 thousand shares related to the exercise and vesting of share-based compensation during the three months ended September 26, 2015 and September 27, 2014, respectively.

As of September 26, 2015, we did not have an ordinary share repurchase program. On October 22, 2015, we announced a $2.0 billion share repurchase plan over three years, including $500.0 million expected to be repurchased during the fourth quarter of calendar year 2015.