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Earnings Per Share
3 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract] 
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 exercised and shares of restricted stock units have vested.

For the three months ended September 30, 2011 and 2010, the computation of diluted EPS did not include 2.6 million and 4.8 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:

 

     Three Months Ended
September 30,
 
     2011      2010  
     (in millions)  

Weighted-average shares outstanding:

     

Basic

     123.7         126.5   

Common stock equivalents

     3.0         3.1   
  

 

 

    

 

 

 

Diluted

     126.7         129.6