XML 92 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE
 3 Months Ended
Dec. 31, 2013
EARNINGS PER SHARE  
Earnings Per Share
14.  EARNINGS PER SHARE

First Quarters Ended December 31,
 
2013
  
2012
 
Net income available to common shares
 
$
79.2
  
$
65.3
 
Basic weighted average shares outstanding
  
252.6
   
265.9
 
Dilutive effect of non-participating share-based awards
  
2.7
   
2.0
 
Diluted weighted average common shares outstanding
  
255.3
   
267.9
 
 
        
Basic EPS
 
$
0.31
  
$
0.25
 
Diluted EPS
 
$
0.31
  
$
0.24
 
 
        
Weighted average shares excluded from diluted EPS because the effect would be anti-dilutive:
 
Share-based awards
  
5.1
   
12.7
 
Notes
  
42.6
   
42.6
 
Note hedges
  
(42.6
)
  
(42.6
)
Warrants
  
42.6
   
42.6
 

Accelerated Share Repurchase

On November 7, 2013, we executed an accelerated share repurchase transaction for $200.0 million of IGT common stock effective through January 22, 2014. We received an initial delivery of 8.2 million shares on November 8, 2013 and 11.6 million total shares were delivered based on the VWAP over the transaction period for an average discounted price of $17.22 per share.