NET (LOSS) INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE

Reconciliation between the numerators and denominators of the basic and diluted loss per share computations is presented below:



	Three Months Ended September 30,
	2017			2016
	(in millions, except per share data)
Net (loss) income attributable to Coty Inc.	$	(19.7	)	$	—
Weighted-average common shares outstanding—Basic	748.6			336.3
Effect of dilutive stock options and Series A Preferred Stock^(a)	—			—
Effect of restricted stock and RSUs ^(b)	—			—
Weighted-average common shares outstanding—Diluted	748.6			336.3
Net (loss) income attributable to Coty Inc. per common share:
Basic	$	(0.03	)	$	—
Diluted	(0.03		)	—

^(a)

For the three months ended September 30, 2017, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase shares of common stock were excluded in the computation of diluted loss per share due to the net loss incurred during the period. 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.


^(b)	For the three months ended September 30, 2017, RSUs were excluded in the computation of diluted loss per share due to the net loss incurred during the period. Due to a net income of nil 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.