INTERNATIONAL GAME TECHNOLOGY

CIK:0000353944|SEC Filings
v2.4.1.9
EARNINGS PER SHARE
3 Months Ended
Dec. 31, 2014
EARNINGS PER SHARE  
Earnings Per Share
14.  EARNINGS PER SHARE

First Quarters Ended December 31,
 
2014
  
2013
 
Net income available to common shares 
 
$
35.0
  
$
79.2
 
         
Basic weighted average shares outstanding
  
247.6
   
252.6
 
Dilutive effect of non-participating share-based awards
  
2.3
   
2.7
 
Diluted weighted average common shares outstanding
  
249.9
   
255.3
 
         
Basic EPS
 
$
0.14
  
$
0.31
 
Diluted EPS
 
$
0.14
  
$
0.31
 
         
Weighted average shares excluded from diluted EPS because the effect would be anti-dilutive:
        
Share-based awards
  
4.1
   
5.1
 
3.25 % Convertible Notes (redeemed May 1, 2014)
  
-
   
42.6
 
Hedges (expired May 1, 2014)
  
-
   
(42.6
)
Warrants (expired November 21, 2014)
  
-
   
42.6
 

Share Repurchases

First Quarters Ended December 31,
 
2014
  
2013
 
Total shares repurchased (1)
  
0.5
   
8.8
 
Average price per share
 
$
16.84
  
$
17.28
 
Aggregate payments
 
$
8.1
  
$
211.0
 
Remaining authorization (see Note 1 about GTECH merger limitations)
 
$
209.7
     
(1)Including net shares tendered by employees at vesting for tax withholding obligations