Earnings Per Share

3 Months Ended

Sep. 30, 2015

EARNINGS PER SHARE

The reconciliations between basic and diluted earnings per share attributable to Catalent common shareholders for the three months ended September 30, 2015 and 2014 are as follows (in millions, except per share data):



	Three Months Ended September 30,
	2015		2014
Earnings / (loss) from continuing operations less net income / (loss) attributable to noncontrolling interest	$	9.1	$	(19.9	)
Earnings / (loss) from discontinued operations	—		0.4
Net earnings / (loss) attributable to Catalent	$	9.1	$	(19.5	)

Weighted average shares outstanding	124,753,234		105,535,385
Dilutive securities issuable-stock plans	1,437,223		—
Total weighted average diluted shares outstanding	126,190,457		105,535,385

Basic earnings per share of common stock:
Earnings / (loss) from continuing operations	$	0.07	$	(0.19	)
Earnings / (loss) from discontinued operations	—		0.01
Net earnings / (loss) attributable to Catalent	$	0.07	$	(0.18	)

Diluted earnings per share of common stock-assuming dilution:
Earnings / (loss) from continuing operations	$	0.07	$	(0.19	)
Earnings / (loss) from discontinued operations	—		0.01
Net earnings / (loss) attributable to Catalent	$	0.07	$	(0.18	)

The computation of diluted earnings per share for the three months ended September 30, 2015 excludes the effect of 2.1 million shares potentially issuable pursuant to awards granted under the 2007 Stock Incentive Plan, because the vesting provisions of those awards specify performance or market-based conditions that had not been met as of the period end. The computation of diluted earnings per share for the three months ended September 30, 2014 excludes the maximum effect of the potential common shares issuable under the employee stock option plan of approximately 6.8 million shares, and excludes restricted share awards of 1.4 million shares, because the Company had a net loss for the period and the effect would therefore be anti-dilutive.