WEIGHTED-AVERAGE SHARES OUTSTANDING

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. The Company calculates diluted EPS using the treasury stock method, which reflects the potential dilution that could occur if outstanding stock options at the presented date are exercised and restricted stock unit awards have vested.

The computation of diluted EPS excluded options of 0.6 million to purchase Broadridge common stock for the three months ended December 31, 2018, and options of less than 0.1 million to purchase Broadridge common stock for the six months ended December 31, 2018, as the effect of their inclusion would have been anti-dilutive.

The computation of diluted EPS excluded options of 0.1 million to purchase Broadridge common stock for the three months ended December 31, 2017, and options of 0.1 million to purchase Broadridge common stock for the six months ended December 31, 2017, 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 (in millions):



	Three Months Ended December 31,		Six Months Ended December 31,
	2018	2017	2018	2017
Weighted-average shares outstanding:
Basic	116.3	116.6	116.3	116.5
Common stock equivalents	2.8	3.8	3.1	3.5
Diluted	119.1	120.3	119.4	120.1