Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The reconciliations between basic and diluted earnings per share attributable to Catalent common shareholders for the three and nine months ended March 31, 2020 and 2019, respectively, are as follows (in millions, except share and per share data):

	Three Months Ended   March 31,				Nine Months Ended   March 31,
	2020		2019		2020		2019
Net earnings	$	20.9	$	31.7	$	66.5	$	66.3
Less: Net earnings attributable to preferred shareholders	(9.1)		—		(27.8)		—
Net earnings attributable to common shareholders	$	11.8	$	31.7	$	38.7	$	66.3
Weighted average shares outstanding	151,267,795		145,145,310		147,647,548		143,896,635
Weighted average dilutive securities issuable-stock plans	1,787,847		1,612,961		1,843,559		1,696,575
Total weighted average diluted shares outstanding	153,055,642		146,758,271		149,491,107		145,593,210
Earnings per share:
Basic	$	0.08	$	0.22	$	0.26	$	0.46
Diluted	$	0.08	$	0.22	$	0.26	$	0.46

The computations of diluted earnings per share for the three and nine months ended March 31, 2020 excludes the effect of potential common shares issuable under employee-held stock options and restricted stock units of approximately 0.5 million and 0.6 million, respectively, because they are anti-dilutive. The computations of diluted earnings per share for the three and nine months ended March 31, 2019 excludes the effect of potential common shares issuable under employee-held stock options and restricted stock units of approximately 1.1 million and 1.0 million, respectively, because they are anti-dilutive. Further, the computation of diluted earnings per share for the three and nine months ended March 31, 2020, respectively, excludes the effect of approximately 13.1 million “if-converted” shares of Common Stock potentially issuable on the conversion of Series A Preferred Stock, as those shares would be anti-dilutive.