EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2015

The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings per share from continuing operations attributable to ITT for the three and six months ended June 30, 2015 and 2014.



	Three Months		Six Months
For the Periods Ended June 30	2015	2014	2015	2014
Basic weighted average common shares outstanding	89.3	91.7	90.0	91.5
Add: Dilutive impact of outstanding equity awards	0.9	1.3	1.0	1.3
Diluted weighted average common shares outstanding	90.2	93.0	91.0	92.8

The following table provides the number of shares underlying stock options excluded from the computation of diluted earnings per share for the three and six months ended June 30, 2015 and 2014 because they were anti-dilutive.



	Three Months				Six Months
For the Periods Ended June 30	2015		2014		2015		2014
Anti-dilutive stock options	0.4		0.2		0.4		0.2
Average exercise price	$	42.42	$	43.51	$	42.61	$	43.51
Year(s) of expiration	2024 - 2025		2024		2024 - 2025		2024

In addition, 0.2 of outstanding return on invested capital (ROIC) awards were excluded from the computation of diluted earnings per share for both the three and six months ended June 30, 2015 and 2014 respectively, as the necessary performance conditions have not been yet been satisfied.