EARNINGS PER SHARE – SBH

12 Months Ended

Sep. 30, 2024

EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income attributable to controlling interest by the weighted average number of common shares outstanding for the period. Diluted earnings per share is calculated using its weighted-average outstanding common shares including the dilutive effect of share-based awards, based upon the treasury stock method, and the Exchangeable Notes, as determined under the net share settlement method. Performance based restricted stock units are excluded if the performance targets upon which the issuance of the shares is contingent have not been achieved and the respective performance period has not been completed as of the end of the current period. From the time of the issuance of the Exchangeable Notes, the average market price of the Company’s common shares has been less than the initial conversion price, and consequently no shares have been included in diluted earnings per share for the conversion value of the Exchangeable Notes. The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive shares for the years ended September 30, 2024, 2023 and 2022, are as follows:


(in millions, except per share amounts)	2024		2023		2022
Numerator
Net income (loss) from continuing operations attributable to controlling interest	$	99.3	$	(233.8)	$	(77.2)
Income from discontinued operations attributable to controlling interest	25.5		2,035.3		148.8
Net income attributable to controlling interest	$	124.8	$	1,801.5	$	71.6
Denominator
Weighted average shares outstanding - basic	30.3		39.5		40.9
Dilutive shares	0.2		—		—
Weighted average shares outstanding - diluted	30.5		39.5		40.9
Earnings per share
Basic earnings per share from continuing operations	$	3.28	$	(5.92)	$	(1.89)
Basic earnings per share from discontinued operations	0.84		51.57		3.64
Basic earnings per share	$	4.12	$	45.65	$	1.75
Diluted earnings per share from continuing operations	$	3.26	$	(5.92)	$	(1.89)
Diluted earnings per share from discontinued operations	0.84		51.57		3.64
Diluted earnings per share	$	4.10	$	45.65	$	1.75
Weighted average number of anti-dilutive shares excluded from denominator	—		0.2		0.2