EARNINGS PER COMMON SHARE

3 Months Ended

Dec. 31, 2015



	Three Months Ended December 31,
	2015		2014
Basic EPS:
Net Income	$	46.9	$	47.1
Less: Income allocated to participating securities	0.2		0.2
Net Income Available to Common Shareholders	$	46.7	$	46.9
Weighted Average Shares Outstanding (in millions)	43.2		43.1
Basic Earnings Per Share of Common Stock	$	1.08	$	1.09

Diluted EPS:
Net Income	$	46.9	$	47.1
Less: Income allocated to participating securities	0.2		0.2
Net Income Available to Common Shareholders	$	46.7	$	46.9
Weighted Average Shares Outstanding (in millions)	43.2		43.1
Dilutive Effect of Stock Options, Restricted Stock and Restricted Stock Units (in millions)	0.2		0.1
Weighted Average Diluted Shares (in millions)	43.4		43.2
Diluted Earnings Per Share of Common Stock	$	1.08	$	1.09

In the three months ended December 31, 2015 and December 31, 2014 there were approximately 0.4 and 0.3 million shares, respectively, of restricted stock and stock units subject to performance and/or market conditions excluded from the calculation of diluted EPS. Also, Laclede Group's 2014 2.0% Series Equity Units issued in June 2014 were anti-dilutive for the three months ended December 31, 2015 and 2014; accordingly, they were excluded from the calculation of weighted average diluted shares for those periods.