EARNINGS PER SHARE

The reconciliations between basic and diluted earnings per share attributable to Catalent common shareholders for the three months ended September 30, 2017 and 2016, respectively, are as follows (dollars in millions, except share and per share data):



	Three Months Ended September 30,
	2017		2016
Net earnings	$	3.8	$	4.6

Weighted average shares outstanding	125,713,246		124,819,466
Dilutive securities issuable-stock plans	2,071,275		1,440,255
Total weighted average diluted shares outstanding	127,784,521		126,259,721

Basic earnings per share of common stock:
Net earnings	$	0.03	$	0.04

Diluted earnings per share of common stock :
Net earnings	$	0.03	$	0.04

The computation of diluted earnings per share for the three months ended September 30, 2017 and 2016 excludes the effect of 0.3 million and 0.5 million shares, respectively, potentially issuable pursuant to awards granted under the 2007 Stock Incentive Plan, 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 three months ended September 30, 2017 and 2016 excludes the effect of potential common shares issuable under the employee-held stock options and restricted stock units of approximately 0.5 million and 1.1 million shares, respectively, because they are anti-dilutive.