NET INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE

9 Months Ended

Mar. 31, 2017

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,
	2017			2016			2017			2016
	(in millions, except per share data)
Net income (loss) attributable to Coty Inc.	$	(164.2	)	$	(26.8	)	$	(117.4	)	$	187.9
Weighted-average common shares outstanding—Basic	747.3			337.9			607.9			347.8
Effect of dilutive stock options and Series A Preferred Stock^(a)	—			—			—			6.1
Effect of restricted stock and RSUs ^(b)	—			—			—			3.0
Weighted-average common shares outstanding—Diluted	747.3			337.9			607.9			356.9
Net income attributable to Coty Inc. per common share:
Basic	$	(0.22	)	$	(0.08	)	$	(0.19	)	$	0.54
Diluted	(0.22		)	(0.08		)	(0.19		)	0.53

^(a)

For the three and nine months ended March 31, 2017 and the three months ended March 31, 2016, no outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase shares of common stock were included in the computation of diluted loss per share due to the net loss incurred during the respective periods. For the nine months ended March 31, 2016, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase 3.2 million options were excluded in the computation of EPS as their inclusion would be anti-dilutive.


^(b)	For the three and nine months ended March 31, 2017 and the three months ended March 31, 2016, no RSU were excluded in the computation of diluted loss per share due to the net loss incurred during the period. For the nine months ended March 31, 2016, 0.1 million RSU were excluded in the computation of diluted loss per share as their inclusion would be anti-dilutive.