NET INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE

3 Months Ended

Sep. 30, 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 September 30,
	2016		2015
	(in millions, except per share data)
Net income attributable to Coty Inc.	$	—	$	125.7
Weighted-average common shares outstanding—Basic	336.3		360.0
Effect of dilutive stock options and Series A Preferred Stock^(a)	—		6.7
Effect of restricted stock and RSUs ^(b)	—		3.2
Weighted-average common shares outstanding—Diluted	336.3		369.9
Net income attributable to Coty Inc. per common share:
Basic	$	—	$	0.35
Diluted	—		0.34

^(a)

Due to a net income of nil for the three months ended September 30, 2016, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to common stock were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. For the three months ended September 30, 2015, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase 3.6 million options were excluded in the computation of EPS as their inclusion would be anti-dilutive.


^(b)	Due to a net income of nil for the for the three months ended September 30, 2016, outstanding RSUs were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. For the three months ended September 30, 2015, no RSU were included in the computation of diluted loss per share as their inclusion would be anti-dilutive.