NET INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE

9 Months Ended

Mar. 31, 2016

NET INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE

Reconciliation between the numerators and denominators of the basic and diluted EPS computations is presented below:



	Three Months Ended March 31,					Nine Months Ended March 31,
	2016			2015		2016		2015
	(in millions, except per share data)
Net (loss) income attributable to Coty Inc.	$	(26.8	)	$	75.5	$	187.9	$	211.5
Weighted-average common shares outstanding—Basic	337.9			344.7		347.8		350.9
Effect of dilutive stock options and Series A Preferred Stock^(a)	—			7.7		6.1		7.8
Effect of restricted stock and RSUs ^(b)	—			2.4		3.0		2.0
Weighted-average common shares outstanding—Diluted	337.9			354.8		356.9		360.7
Net income attributable to Coty Inc. per common share:
Basic	$	(0.08	)	$	0.22	$	0.54	$	0.60
Diluted	(0.08		)	0.21		0.53		0.59

^(a)

For the nine months ended March 31, 2016, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to 3.2 million shares of common stock were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. For the three months ended March 31, 2016, no outstanding stock options and Series A Preferred Stock were included in the computation of diluted loss per share due to the net loss incurred during the period. For the three and nine months ended March 31, 2015, no options were excluded in the computation of EPS.

^(b)

For the nine months ended March 31, 2016, 0.1 million RSUs outstanding were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. For the three months ended March 31, 2016, no RSU were included in the computation of diluted loss per share due to the net loss incurred during the period. Forthe three and nine months ended March 31, 2015, nil and 0.5 million RSUs outstanding, respectively, were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.