EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2017

EARNINGS PER SHARE DATA

The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings per share from continuing operations attributable to ITT for the three and nine months ended September 30, 2017 and 2016.



	Three Months		Nine Months
For the Periods Ended September 30	2017	2016	2017	2016
Basic weighted average common shares outstanding	88.0	89.2	88.3	89.5
Add: Dilutive impact of outstanding equity awards	0.7	0.5	0.7	0.7
Diluted weighted average common shares outstanding	88.7	89.7	89.0	90.2

The following table provides the number of shares underlying stock options excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2017 and 2016 because they were anti-dilutive.



	Three Months				Nine Months
For the Periods Ended September 30	2017		2016		2017		2016
Anti-dilutive stock options	0.3		0.7		0.4		0.7
Weighted average exercise price per share	$	42.40	$	37.99	$	42.41	$	38.47
Year(s) of expiration	2024 - 2025		2024 - 2026		2024 - 2025		2024 - 2026

In addition, 0.2 of outstanding Performance stock units (PSU) awards were excluded from the computation of diluted earnings per share for both the three and nine months ended September 30, 2017 and 2016, as the necessary performance conditions had not yet been satisfied.