Earnings Per Share

12 Months Ended

Sep. 30, 2014

Earnings Per Share

Earnings Per Share

17.  EARNINGS PER SHARE

Years Ended September 30,	2014		2013			2012
Income from continuing operations available to common shares	$	247.9	$	272.7		$	249.7
Basic weighted average shares outstanding		248.6		262.6			288.8
Dilutive effect of non-participating share-based awards		1.9		2.6			1.6
Diluted weighted average common shares outstanding		250.5		265.2			290.4
Basic EPS from continuing operations	$	1.00	$	1.04		$	0.86
Diluted EPS from continuing operations	$	0.99	$	1.03		$	0.86
Weighted average shares excluded from diluted EPS because the effect would be anti-dilutive:
Share-based awards		6.5		8.2			11.3
3.25% convertible notes (1)		-		42.6			42.6
Hedges		-		(42.6	)		(42.6	)
Warrants (1) (expired November 21, 2014)		42.6		42.6			42.6
(1) Excluded because the conversion price and exercise price exceeded the average market price of our common stock

Share repurchases

Years Ended September 30,	2014		2013		2012
Total shares repurchased (2)		12.3		12.8		32.9
Average price paid per share	$	17.25	$	17.71	$	14.23
Aggregate payments		211.6		190.5		475.2
Remaining authorization (see Note 1 about GTECH merger limitations)		209.7
(2) Including net shares tendered by employees at vesting for tax withholding obligations

In November 2013, we executed a $200.0 million ASR transaction and received 11.6 million total common shares based on the VWAP over the 3-month transaction period for an average price of $17.22 per share.

In June 2012, we executed a $400.0 million ASR transaction and received 30.3 million total common shares based on the VWAP over the 6-month transaction period for an average price of $13.22 per share.