Earnings Per Share

3 Months Ended

Mar. 31, 2016

The calculation of earnings per share is as follows:



	For the three months ended March 31,
In millions, except per share data	2016			2015
Net income		$157.8			$284.0
Net (income)/loss attributable to noncontrolling interests in consolidated entities	3.2			(24.4		)
Net income attributable to Invesco Ltd.	161.0			259.6
Less: Allocation of earnings to restricted shares	(4.2		)	(6.7		)
Net income attributable to common shareholders		$156.8			$252.9

Invesco Ltd:
Weighted average shares outstanding - basic	418.7			432.2
Dilutive effect of non-participating share-based awards	0.2			0.3
Weighted average shares outstanding - diluted	418.9			432.5

Common shareholders:
Weighted average shares outstanding - basic	418.7			432.2
Less: Weighted average restricted shares	(11.0		)	(11.3		)
Weighted average common shares outstanding - basic	407.7			420.9
Dilutive effect of non-participating share-based awards	0.2			0.3
Weighted average common shares outstanding - diluted	407.9			421.2

Earnings per share:
Basic earnings per share		$0.38			$0.60
Diluted earnings per share		$0.38			$0.60

See Note 7, “Share-Based Compensation,” for a summary of share awards outstanding under the company's share-based compensation programs. These programs could result in the issuance of common shares from time to time that would affect the measurement of basic and diluted earnings per share.

There were no time-vested based awards that were excluded from the computation of diluted earnings per share during the three months ended March 31, 2016 and 2015, due to their inclusion being anti-dilutive. There were 0.4 million contingently issuable shares excluded from the diluted earnings per share computation during the three months ended March 31, 2016 (three months ended March 31, 2015: 0.6 million), because the necessary performance conditions for the shares to be issuable had not yet been satisfied at the end of the respective period.