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

3 Months Ended

Sep. 30, 2020

Reconciliation of numerators and denominators of basic and diluted EPS computations

Reconciliation between the numerators and denominators of the basic and diluted income per share (“EPS”) computations is presented below:


	Three Months Ended September 30,
	2020		2019
	(in millions, except per share data)
Amounts attributable to Coty Inc.:
Net income from continuing operations	116.7		12.8
Convertible Series B Preferred Stock dividends	(20.8)		—
Net income from continuing operations attributable to common stockholders	95.9		12.8
Net income from discontinued operations, net of tax	104.7		39.5
Net income attributable to common stockholders	$	200.6	$	52.3

Weighted-average common shares outstanding:
Weighted-average common shares outstanding—Basic	763.9		754.2
Effect of dilutive stock options and Series A/A-1 Preferred Stock(a)	—		1.1
Effect of restricted stock and RSUs(b)	1.4		3.6
Effect of Convertible Series B Preferred Stock	151.4		—
Weighted-average common shares outstanding—Diluted	916.7		758.9

Earnings per common share
Earnings from continued operations per common share - basic	$	0.13	$	0.02
Earnings from continued operations per common share - diluted	$	0.13	$	0.02

Earnings from discontinued operations - basic	$	0.13	$	0.05
Earnings from discontinued operations - diluted	$	0.11	$	0.05

Earnings per common share - basic	$	0.26	$	0.07
Earnings per common share - diluted	$	0.24	$	0.07

(a) For the three months ended September 30, 2020 and 2019, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase 16.8 and 24.3 million shares of Common Stock, respectively, were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.

(b) For the three months ended September 30, 2020 and 2019, there were 10.9 and 0.6 million anti-dilutive RSUs, respectively, excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.