NET INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE (Tables)

3 Months Ended

Sep. 30, 2021

Reconciliation of numerators and denominators of basic and diluted EPS computations

Reconciliation between the numerators and denominators of the basic and diluted income per share (“EPS”) computations is presented below:


	Three Months Ended September 30,
	2021		2020

Amounts attributable to Coty Inc.:
Net income from continuing operations	$	226.0	$	116.7
Convertible Series B Preferred Stock dividends	(123.0)		(20.8)
Net income from continuing operations attributable to common stockholders	103.0		95.9
Net income from discontinued operations, net of tax	—		104.7
Net income attributable to common stockholders	$	103.0	$	200.6

Weighted-average common shares outstanding:
Weighted-average common shares outstanding—Basic	777.6		763.9
Effect of dilutive stock options and Series A/A-1 Preferred Stock(a)	—		—
Effect of restricted stock and RSUs(b)	10.1		1.4
Effect of Convertible Series B Preferred Stock(c)	—		151.4
Weighted-average common shares outstanding—Diluted	787.7		916.7

Earnings per common share:
Earnings from continuing operations per common share - basic	$	0.13	$	0.13
Earnings from continuing operations per common share - diluted(d)	0.13		0.13

Earnings from discontinued operations - basic	—		0.13
Earnings from discontinued operations - diluted	—		0.11

Earnings per common share - basic	0.13		0.26
Earnings per common share - diluted(d)	0.13		0.24

(a) For the three months ended September 30, 2021 and 2020, outstanding stock options and Series A/A-1 Preferred Stock with purchase or conversion rights to purchase 11.4 and 16.8 million shares of Common Stock, respectively, were anti-dilutive and excluded from the computation of diluted EPS.

(b) For the three months ended September 30, 2021 and 2020 , there were 5.0 and 10.9 million anti-dilutive RSUs, respectively, excluded from the computation of diluted EPS.

(c) For the three months ended September 30, 2021, there were 163.1 million dilutive shares of Convertible Series B Preferred Stock excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.

(d) Diluted EPS is adjusted by the effect of dilutive securities, including awards under the Company's equity compensation plans and the convertible Series B Preferred Stock. When calculating any potential dilutive effect of stock options, Series A Preferred Stock, restricted stock and RSUs, the Company uses the treasury method and the if-converted method for the Convertible Series B Preferred Stock. The treasury method typically does not adjust the net income attributable to Coty Inc., while the if-converted method requires an adjustment to reverse the impact of the preferred stock dividends of $123.0 and $20.8 for the three months ended September 30, 2021 and 2020, respectively, on net income applicable to common stockholders during the period.