Note 14 - Earnings Per Share

6 Months Ended

Mar. 31, 2013

Earnings Per Share [Text Block]

14.          EARNINGS PER SHARE

	Periods Ended March 31,
	Second Quarters						Six Months
	2013			2012			2013			2012
Income from continuing operations available to common shares	$	78.2		$	62.4		$	143.5		$	112.7
Basic weighted average shares outstanding		263.6			296.7			264.7			297.0
Dilutive effect of non-participating share-based awards		2.0			1.4			2.0			1.6
Diluted weighted average common shares outstanding		265.6			298.1			266.7			298.6
Basic EPS from continuing operations	$	0.30		$	0.21		$	0.54		$	0.38
Diluted EPS from continuing operations	$	0.29		$	0.21		$	0.54		$	0.38
Weighted average shares excluded from diluted EPS because the effect would be anti-dilutive:
Share-based awards		8.5			11.4			8.9			11.6
Notes		42.6			42.6			42.6			42.6
Note hedges		(42.6	)		(42.6	)		(42.6	)		(42.6	)
Warrants		42.6			42.6			42.6			42.6

Accelerated Share Repurchase

On December 18, 2012, we received the final delivery of 2.5 million shares of IGT common stock under a $400.0 million ASR transaction executed with Goldman, Sachs, & Co in June 2012. We received 30.3 million total shares based on VWAP over the six-month period for an average price of $13.22 per share.