Earnings Per Common Share

The following table sets forth the components of the numerator and denominator for the computation of basic and diluted earnings per share for net income attributable to Tempur Sealy International.



	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions, except per common share amounts)	2017		2016		2017		2016
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$	24.5	$	21.3	$	58.4	$	60.9

Denominator:
Denominator for basic earnings per common share-weighted average shares	53.9		60.2		53.9		61.1
Effect of dilutive securities:
Employee stock-based compensation	0.6		0.6		0.7		0.6
Denominator for diluted earnings per common share-adjusted weighted average shares	54.5		60.8		54.6		61.7

Basic earnings per common share	$	0.45	$	0.35	$	1.08	$	1.00

Diluted earnings per common share	$	0.45	$	0.35	$	1.07	$	0.99

The Company excluded 1.5 million and 0.4 million shares issuable upon exercise of outstanding stock options for the three months ended June 30, 2017 and 2016, respectively, from the diluted earnings per common share computation because their exercise price was greater than the average market price of Tempur Sealy International’s common stock or they were otherwise anti-dilutive. The Company excluded 1.5 million and 0.4 million shares issuable upon exercise of outstanding stock options for the six months ended June 30, 2017 and 2016, respectively, from the diluted earnings per common share computation because their exercise price was greater than the average market price of Tempur Sealy International’s common stock or they were otherwise anti-dilutive. Holders of non-vested stock-based compensation awards do not maintain voting rights or maintain rights to receive any dividends thereon.