Earnings Per Share

12 Months Ended

Jun. 30, 2017

EARNINGS PER SHARE

The reconciliations between basic and diluted earnings per share attributable to Catalent common shareholders for the fiscal years ended June 30, 2017, 2016 and 2015 are as follows (in millions, except share and per share data):



	Year ended June 30,
	2017		2016		2015
Earnings from continuing operations less net income / (loss) attributable to noncontrolling interest	$	109.8	$	111.5	$	212.1
Earnings / (loss) from discontinued operations	—		—		0.1
Net earnings attributable to Catalent	$	109.8	$	111.5	$	212.2

Weighted average shares outstanding	124,954,248		124,787,819		119,575,568
Dilutive securities issuable-stock plans	1,783,537		1,082,275		1,773,068
Total weighted average diluted shares outstanding	126,737,785		125,870,094		121,348,636

Basic earnings per share of common stock:
Net earnings attributable to Catalent	$	0.88	$	0.89	$	1.77

Diluted earnings per share of common stock-assuming dilution:
Net earnings attributable to Catalent	$	0.87	$	0.89	$	1.75

The computation of diluted earnings per share for the years ended June 30, 2017, 2016 and 2015 excludes the effect of potential shares issuable under pre-IPO employee stock options of 0.4 million, 2.2 million and 2.1 million options, respectively, because the vesting provisions of those awards specify performance or market-based conditions that had not been met as of the period end. Further, the computation of diluted earnings per share for the years ended June 30, 2017 and 2016 excludes the effect of potential shares issuable under the employee-held stock options and restricted stock units of approximately 0.8 million and 1.0 million shares, respectively, because they are anti-dilutive.