Earnings Per Share

6 Months Ended

Dec. 31, 2016

EARNINGS PER SHARE

The reconciliations between basic and diluted earnings per share attributable to Catalent common shareholders for the three and six months ended December 31, 2016 and 2015, respectively, are as follows (dollars in millions, except per share data):



	Three Months Ended December 31,				Six Months Ended December 31,
	2016		2015		2016		2015
Net earnings attributable to Catalent	$	17.4	$	30.7	$	22.0	$	42.7

Weighted average shares outstanding	124,889,681		124,818,241		124,870,327		124,785,737
Dilutive securities issuable-stock plans	1,524,963		1,008,439		1,470,476		1,157,119
Total weighted average diluted shares outstanding	126,414,644		125,826,680		126,340,803		125,942,856

Basic earnings per share of common stock:
Net earnings attributable to Catalent	$	0.14	$	0.25	$	0.18	$	0.34

Diluted earnings per share of common stock - assuming dilution:
Net earnings attributable to Catalent	$	0.14	$	0.24	$	0.17	$	0.34

The computation of diluted earnings per share for the three and six months ended December 31, 2016 excludes the effect of 0.5 million shares potentially issuable pursuant to awards granted under the 2007 Stock Incentive Plan, because the vesting provisions of those awards specify performance-based conditions that had not been met as of the period end. The computation of diluted earnings per share for the three and six months ended December 31, 2015 excludes the effect of 1.9 million shares potentially issuable pursuant to awards granted under the 2007 Stock Incentive Plan and the 2014 Omnibus 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. Further, the computation of diluted earnings per share for the three months ended December 31, 2016 and 2015 excludes the effect of potential common shares issuable under the employee stock option plan and restricted stock units of approximately 0.9 million and 0.8 million shares, respectively, because they are anti-dilutive. The computation of diluted earnings per share for the six months ended December 31, 2016 and 2015 excludes the effect of potential common shares issuable under the employee stock option plan and restricted stock units of approximately 1.1 million and 1.0 million shares, respectively, because they are anti-dilutive.