EARNINGS PER COMMON SHARE

12 Months Ended

Sep. 30, 2015



	2015		2014		2013
Basic EPS:
Net Income	$	136.9	$	84.6	$	52.8
Less: Income allocated to participating securities	0.5		0.3		0.3
Net Income Available to Common Shareholders	$	136.4	$	84.3	$	52.5
Weighted Average Shares Outstanding	43.2		35.8		25.9
Earnings Per Share of Common Stock	$	3.16	$	2.36	$	2.03
Diluted EPS:
Net Income	$	136.9	$	84.6	$	52.8
Less: Income allocated to participating securities	0.5		0.3		0.3
Net Income Available to Common Shareholders	$	136.4	$	84.3	$	52.5
Weighted Average Shares Outstanding	43.2		35.8		25.9
Dilutive Effect of Stock Options, Restricted Stock, and Restricted Stock Units	0.1		0.1		0.1
Weighted Average Diluted Shares	43.3		35.9		26.0
Earnings Per Share of Common Stock	$	3.16	$	2.35	$	2.02
Outstanding Shares Excluded from the Calculation of Diluted EPS Attributable to:
Restricted stock and stock units subject to performance and/or market conditions	0.3		0.3		0.2

Laclede Group's 2014 2.0% Series Equity Units issued in June 2014 are potentially dilutive securities, but were excluded from the calculation of diluted EPS for the years ended September 30, 2015 and 2014. The potential shares were not included in the outstanding shares excluded from the calculation of Diluted EPS in the table above. See Note 5 for more information.