Earnings Per Share

9 Months Ended

Mar. 31, 2017

EARNINGS PER SHARE

The reconciliations between basic and diluted earnings per share attributable to Catalent common shareholders for the three and nine months ended March 31, 2017 and 2016, respectively, are as follows (dollars in millions, except per share data):



	Three Months Ended March 31,				Nine Months Ended March 31,
	2017		2016		2017		2016
Net earnings attributable to Catalent	$	26.0	$	10.7	$	48.0	$	53.4

Weighted average shares outstanding	124,951,928		124,809,898		124,897,130		124,793,732
Dilutive securities issuable-stock plans	1,847,202		962,861		1,587,196		1,139,309
Total weighted average diluted shares outstanding	126,799,130		125,772,759		126,484,326		125,933,041

Basic earnings per share of common stock:
Net earnings attributable to Catalent	$	0.21	$	0.09	$	0.38	$	0.43

Diluted earnings per share of common stock - assuming dilution:
Net earnings attributable to Catalent	$	0.21	$	0.09	$	0.38	$	0.42

The computation of diluted earnings per share for the three and nine months ended March 31, 2017 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 nine months ended March 31, 2016 excludes the effect of 2.0 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 March 31, 2017 and 2016 excludes the effect of potential common shares issuable under the employee-held stock options and restricted stock units of approximately 0.8 million and 1.0 million shares, respectively, because they are anti-dilutive. The computation of diluted earnings per share for the nine months ended March 31, 2017 and 2016 excludes the effect of potential common shares issuable under the employee-held stock options and restricted stock units of approximately 0.9 million and 1.2 million shares, respectively, because they are anti-dilutive.