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Earnings Per Share
 12 Months Ended
Jun. 30, 2011
Earnings Per Share  
Earnings Per Share

NOTE 3. EARNINGS PER SHARE

Basic earnings per share ("EPS") is calculated by dividing the Company's Net earnings by the basic Weighted-average shares outstanding for the periods presented.

Diluted EPS reflects the potential dilution that could occur if outstanding stock options at the presented date are exercisable and shares of restricted stock have vested.

As of June 30, 2011, 2010 and 2009, the computation of diluted EPS did not include 2.4 million, 4.4 million and 6.9 million options to purchase Broadridge common stock, respectively, as the effect of their inclusion would have been anti-dilutive.

The following table sets forth the denominators of the basic and diluted EPS computations:

 

     Years ended June 30,  
          2011                2010                2009       
     (in millions)  

Weighted-average shares outstanding:

         

Basic

      124.8         135.9         140.0   

Common stock equivalents

      3.5         3.2         1.6   
                          

Diluted

      128.3         139.1         141.6   
                          

The following table sets forth the computation of basic EPS utilizing Net earnings from continuing operations and Net Earnings for the fiscal year and the Company's basic Weighted-average shares outstanding:

 

     Years ended June 30,  
          2011                2010                2009       
    

(in millions, except per share

amounts)

  

Net earnings from continuing operations

    $ 171.8       $ 225.1       $ 223.1   

Net earnings

    $ 169.6       $ 190.0       $ 223.3   

Basic Weighted-average shares outstanding

      124.8         135.9         140.0   

Basic EPS from continuing operations

    $ 1.38       $ 1.66       $ 1.60   

Basic EPS

    $ 1.36       $ 1.40       $ 1.60   

 

The following table sets forth the computation of diluted EPS utilizing Net earnings from continuing operations and Net earnings for the fiscal year and the Company's diluted Weighted-average shares outstanding:

 

     Years ended June 30,  
          2011                2010                2009       
    

(in millions, except per share

amounts)

  

Net earnings from continuing operations

    $ 171.8       $ 225.1       $ 223.1   

Net earnings

    $ 169.6       $ 190.0       $ 223.3   

Diluted Weighted-average shares outstanding

      128.3         139.1         141.6   

Diluted EPS from continuing operations

    $ 1.34       $ 1.62       $ 1.58   

Diluted EPS

    $ 1.32       $ 1.37       $ 1.58