(Loss) Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2020

Schedule of computation of basic and diluted earnings per share


	Year Ended September 30,
	2020		2019		2018
Net (loss) income attributable to Hillenbrand	$	(60.1)	$	121.4	$	76.6
Weighted average shares outstanding — basic (in millions) (1)	73.4		62.9		63.1
Effect of dilutive stock options and unvested time-based restricted stock (in millions) (2)	—		0.4		0.7
Weighted average shares outstanding — diluted (in millions)	73.4		63.3		63.8

(Loss) earnings per share — basic	$	(0.82)	$	1.93	$	1.21
(Loss) earnings per share — diluted	$	(0.82)	$	1.92	$	1.20

Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (millions)	2.8		0.8		0.3

(1)The increase in weighted-average shares outstanding during the year ended September 30, 2020 was due to 11.9 million of additional shares issued on November 21, 2019, in connection with the acquisition of Milacron. See Note 4 for further information.

(2)As a result of the net loss attributable to Hillenbrand during the year ended September 30, 2020, the effect of stock options and other unvested equity awards would be antidilutive. In accordance with GAAP, they have been excluded from the diluted earnings per share calculation.