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NET INCOME (LOSS) ATTRIBUTABLE TO COTY INC. PER COMMON SHARE | 12 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
NET INCOME (LOSS) ATTRIBUTABLE TO COTY INC. PER COMMON SHARE | NET INCOME (LOSS) ATTRIBUTABLE TO COTY INC. PER COMMON SHARE Net income (loss) attributable to Coty Inc. common stockholders per common share (“basic EPS”) is computed by dividing net income (loss) attributable to Coty Inc. less any dividends on Series B Preferred Stock by the weighted-average number of common shares outstanding during the period. Net income (loss) attributable to Coty Inc. common stockholders per common share assuming dilution (“diluted EPS”) is computed by adjusting the numerator used in basic EPS to add back the dividends applicable to the Series B Preferred Stock, if dilutive, and using the basic EPS weighted-average number of common shares and the effect of potentially dilutive securities outstanding during the period as the denominator. Potentially dilutive securities consist of non-qualified stock options, Series A Preferred Stock, RSUs, unvested restricted stock awards and potential shares resulting from the conversion of the Series B Preferred Stock as of June 30, 2022, 2021 and 2020. Net income (loss) attributable to Coty Inc. is adjusted through the application of the two-class method of income per share to reflect a portion of the periodic adjustment of the redemption value in excess of fair value of the redeemable noncontrolling interests. There is no excess of redemption value over fair value of the redeemable noncontrolling interests in fiscal 2022, 2021 and 2020. In addition, there are no participating securities requiring the application of the two-class method of income per share. Reconciliation between the numerators and denominators of the basic and diluted EPS computations is presented below:
| Year Ended June 30,
| 2022 |  | 2021 |  | 2020
Amounts attributable to Coty Inc.: |  |  |  |  |
Net income (loss) from continuing operations | $ | 253.8 |  |  | $ | (64.0) |  |  | $ | (1,093.9) |
Convertible Series B Preferred Stock dividends | (198.3) |  |  | (102.3) |  |  | (6.5) |
Net income (loss) from continuing operations attributable to common stockholders | 55.5 |  |  | (166.3) |  |  | (1,100.4) |
Net income (loss) from discontinued operations, net of tax | 5.7 |  |  | (137.3) |  |  | 87.2 |
Net income (loss) attributable to common stockholders | $ | 61.2 |  |  | $ | (303.6) |  |  | $ | (1,013.2) |
Weighted-average common shares outstanding: |  |  |  |  |
Weighted-average common shares outstanding—Basic | 820.6 |  |  | 764.8 |  |  | 759.1 |
Effect of dilutive stock options and Series A/A-1 Preferred Stock (a) | — |  |  | — |  |  | — |
Effect of restricted stock and RSUs (b) | 13.5 |  |  | — |  |  | — |
Effect of Convertible Series B Preferred Stock (c) | — |  |  | — |  |  | — |
Weighted-average common shares and common share equivalents outstanding—Diluted(a) | 834.1 |  |  | 764.8 |  |  | 759.1 |
Earnings (losses) per common share |  |  |  |  |
Earnings (losses) from continuing operations per common share - basic | $ | 0.07 |  |  | $ | (0.22) |  |  | $ | (1.45) |
Earnings (losses) from continuing operations per common share - diluted (d) | $ | 0.07 |  |  | $ | (0.22) |  |  | $ | (1.45) |
Earnings (losses) from discontinued operations - basic | $ | 0.01 |  |  | $ | (0.18) |  |  | $ | 0.12 |
Earnings (losses) from discontinued operations - diluted | $ | 0.01 |  |  | $ | (0.18) |  |  | $ | 0.12 |
Earnings (losses) per common share - basic | $ | 0.08 |  |  | $ | (0.40) |  |  | $ | (1.33) |
Earnings (losses) per common share - diluted (d) | $ | 0.08 |  |  | $ | (0.40) |  |  | $ | (1.33) |
(a) As of June 30, 2022, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase 8.3 million weighted average shares of Common Stock were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. As of June 30, 2021 and 2020, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase shares of Common Stock were excluded in the computation of diluted loss per share due to the net loss incurred during the period. (b) As of June 30, 2022, there were 1.6 million weighted average anti-dilutive RSUs, excluded from the computation of diluted EPS. As of June 30, 2021 and 2020, RSUs were excluded in the computation of diluted loss per share due to the net loss incurred during the period. (c ) As of June 30, 2022, there were 65.4 million dilutive shares of Convertible Series B Preferred Stock excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. As of June 30, 2021 and 2020, Convertible Series B Preferred Stock shares were excluded from the computation of diluted EPS due to the net loss incurred during the period. (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, if dilutive, on net income applicable to common stockholders during the period

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