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NET INCOME (LOSS) ATTRIBUTABLE TO COTY INC. PER COMMON SHARE
 12 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
NET INCOME (LOSS) ATTRIBUTABLE TO COTY INC. PER COMMON SHARE
NET INCOME (LOSS) ATTRIBUTABLE TO COTY INC. PER COMMON SHARE
Net income (loss) attributable to Coty Inc. per common share (“basic EPS”) is computed by dividing net income (loss) 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, 2016 and 2015. 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, no stock options, restricted shares, restricted stock units or special incentive awards were included in the computation of diluted loss per share.
Net income (loss) 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 2016, 2015 and 2014. 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,
 
2016
 
2015
 
2014
 
 
 
 
Net income (loss) attributable to Coty Inc.
$
156.9

 
$
232.5

 
$
(97.4
)
Weighted-average common shares outstanding—Basic
345.5

 
353.3

 
381.7

Effect of dilutive stock options and Series A Preferred Stock (a)
5.7

 
7.6

 
—

Effect of restricted stock and RSUs (b)
3.0

 
2.0

 
—

Weighted-average common shares outstanding—Diluted
354.2

 
362.9

 
381.7

Net income (loss) attributable to Coty Inc. per common share:
 
 
 
 
 
Basic
$
0.45

 
$
0.66

 
$
(0.26
)
Diluted
0.44

 
0.64

 
(0.26
)
 
 
(a) 
As of June 30, 2016 and 2015, outstanding stock options and Series A Preferred Stock to purchase 3.0 million and 0.7 million shares of Common Stock, respectively, are excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. Due to the net loss incurred in fiscal 2014, stock options are excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.
(b) 
As of June 30, 2016 and 2015, there are 0.1 million and 0.4 million 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, RSUs are excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.