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NET INCOME (LOSS) ATTRIBUTABLE TO COTY INC. PER COMMON SHARE
 12 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Attributable To Coty Inc. Per Common Share
NET (LOSS) INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE
Net (loss) income attributable to Coty Inc. per common share (“basic EPS”) is computed by dividing net (loss) income attributable to Coty Inc. by the weighted-average number of common shares outstanding during the period. Net income (loss) attributable to Coty Inc. per common share assuming dilution (“diluted EPS”) is computed by using the basic EPS weighted-average number of common shares and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities consist of nonqualified stock options and RSUs as of June 30, 2014. Potentially dilutive securities also included restricted shares and special incentive awards as of June 30, 2013 and 2012. The dilutive effect of these outstanding instruments is reflected in diluted EPS by application of the treasury stock method. Due to the net loss incurred in fiscal 2014 and 2012, no stock options, restricted shares, restricted stock units or special incentive awards were included in the computation of diluted loss per share.
Net (loss) income attributable to Coty Inc. is adjusted through the application of the two-class method of income per share to reflect a portion of the periodic adjustment of the redemption value in excess of fair value of the redeemable noncontrolling interests. There is no excess of redemption value over fair value of the redeemable noncontrolling interests in fiscal 2014, 2013 and 2012. In addition, there are no participating securities requiring the application of the two-class method of income per share.
Reconciliation between the numerators and denominators of the basic and diluted EPS computations is presented below:
 
Year Ended June 30,
 
2014
 
2013
 
2012
 
 
 
 
Net (loss) income attributable to Coty Inc.
$
(97.4
)
 
$
168.0

 
$
(324.4
)
Weighted-average common shares outstanding—Basic
381.7

 
381.7

 
373.0

Effect of dilutive stock options (a)
—

 
12.3

 
—

Effect of restricted stock and RSUs (b)
—

 
2.4

 
—

Weighted-average common shares outstanding—Diluted
$
381.7

 
$
396.4

 
$
373.0

Net (loss) income attributable to Coty Inc. per common share:
 
 
 
 
 
Basic
$
(0.26
)
 
$
0.44

 
$
(0.87
)
Diluted
(0.26
)
 
0.42

 
(0.87
)
 
 
(a) 
As of June 30, 2013, outstanding stock options to purchase 1.2 million shares of Common Stock are excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. Due to the net loss incurred in fiscal 2014 and 2012, stock options are excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.
(b) 
As of June 30, 2013, there are no anti-dilutive RSUs excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. Due to the net loss incurred in fiscal 2014 and 2012, RSUs are excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.