Investor Presentaiton
IIVI
Reconciliation of GAAP Measures to Non-GAAP Measures
Non-GAAP Earnings Per Share Calculation
$ Millions
(Unaudited)
Numerator
Net earnings on non-GAAP basis
Series A Mandatory Convertible Preferred Stock
dividends
Series B Redeemable Preferred dividends
Earnings available to common shareholders
Effect of dilutive securities
Three Months Ended
Jun 30, Mar 31,
2021
Jun 30,
Year Ended
Jun 30,
Jun 30,
2021
2020
2021
2020
$ 117.0
(6.9)
(10.0)
$ 111.5
(6.9)
$ 117.7
$ 460.2
$ 258.6
(27.1)
(10.1)
$ 100.2
$ 104.5
$ 117.7
$ 423.0
$ 258.6
Add back interest on Convertible Senior Notes Due 2022
Add back Series A Preferred Stock dividends
Earnings available to common shareholders
$
3.1
6.9
$ 3.1
$ 2.8
$ 12.3
$ 11.3
6.9
27.1
$ 110.1
$ 114.5
$ 120.5
$ 462.4
$ 270.0
Denominator
Weighted average shares
105.0
104.8
91.5
104.2
84.8
Effect of dilutive securities:
Common stock equivalents
3.9
4.2
3.2
3.6
2.3
0.25% Convertible Senior Notes due 2022
7.3
7.3
7.4
7.3
7.6
Series A Mandatory Convertible Preferred Stock
8.9
8.9
8.9
Diluted weighted average common shares
125.1
125.2
102.1
123.9
94.8
Earnings (loss) per common share on non-GAAP basis
$ 0.95
$ 1.00
$ 1.29
$ 4.06
$ 3.05
Earnings (loss) per common share on non-GAAP basis
$ 0.88
$ 0.91
$ 1.18
$ 3.73
$ 2.85
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