EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2014

EARNINGS PER SHARE

Earnings Per Share

14.  EARNINGS PER SHARE

	Second Quarters						Six Months
Periods Ended March 31,	2014			2013			2014			2013
Net income available to common shares	$	25.7		$	78.2		$	105.0		$	143.5
Basic weighted average shares outstanding		247.7			263.6			250.2			264.7
Dilutive effect of non-participating share-based awards		0.9			2.0			1.7			2.0
Diluted weighted average common shares outstanding		248.6			265.6			251.9			266.7
Basic EPS	$	0.10		$	0.30		$	0.42		$	0.54
Diluted EPS	$	0.10		$	0.29		$	0.42		$	0.54
Weighted average shares excluded from diluted EPS because the effect would be anti-dilutive:
Share-based awards		6.1			8.5			4.7			8.9
3.25 % Convertible Notes		42.6			42.6			42.6			42.6
Hedges		(42.6	)		(42.6	)		(42.6	)		(42.6	)
Warrants		42.6			42.6			42.6			42.6
Total shares repurchased, including net shares: *		3.4			4.4			12.2			7.1
Average price per share	$	17.21		$	17.02		$	17.26		$	15.61
Aggregate payments	$	0.3		$	75.1		$	211.3		$	75.1
Remaining authorization at March 31, 2014	$	209.7
*Net shares tendered by employees at vesting for tax withholding obligations (in thousands)		16.6			5.5			627.6			250.5

Accelerated Share Repurchase

In January 2014, we received the final delivery of 3.4 million shares of IGT common stock under a $200.0 million accelerated share repurchase transaction executed in November 2013. We received 11.6 million total shares based on the VWAP over the transaction period for an average discounted price of $17.22 per share.