Weighted Average Shares Outstanding

12 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Weighted Average Shares Outstanding

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.

As of June 30, 2021, 2020 and 2019, the computation of diluted EPS did not include 0.4 million, 0.5 million and 0.4 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,
	2021	2020	2019
	(in millions)
Weighted-average shares outstanding:
Basic	115.7	114.7	115.9
Common stock equivalents	2.1	2.3	2.9
Diluted	117.8	117.0	118.8