| Table 7 | |||||||||||||||||||||
| Non-GAAP Earnings Per Share Calculation | |||||||||||||||||||||
| $ Millions | |||||||||||||||||||||
| (Unaudited) | Three Months Ended | Year Ended | |||||||||||||||||||
| Jun 30, | Mar 31, | Jun 30, | Jun 30, | Jun 30, | |||||||||||||||||
| 2022 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||
| Numerator | |||||||||||||||||||||
| Net earnings on non-GAAP basis | $ | 133.7 | $ | 129.0 | $ | 117.0 | $ | 504.6 | $ | 460.2 | |||||||||||
| Deduct Series A preferred stock dividends | (6.9 | ) | (6.9 | ) | (6.9 | ) | (27.6 | ) | (27.1 | ) | |||||||||||
| Deduct Series B redeemable preferred dividends | (10.4 | ) | (10.2 | ) | (10.0 | ) | (40.6 | ) | (10.1 | ) | |||||||||||
| Basic earnings available to common shareholders | $ | 116.4 | $ | 111.9 | $ | 100.2 | $ | 436.3 | $ | 423.0 | |||||||||||
| Effect of dilutive securities | |||||||||||||||||||||
| Add back interest on II-VI Convertible Notes | $ | 0.6 | $ | 0.6 | $ | 3.1 | $ | 2.2 | $ | 12.3 | |||||||||||
| Add back Series A preferred stock dividends | 6.9 | 6.9 | 6.9 | 27.6 | 27.1 | ||||||||||||||||
| Diluted earnings available to common shareholders | $ | 123.8 | $ | 119.4 | $ | 110.1 | $ | 466.2 | $ | 462.4 | |||||||||||
| Denominator | |||||||||||||||||||||
| Weighted average shares | 106.5 | 106.3 | 105.0 | 106.2 | 104.2 | ||||||||||||||||
| Effect of dilutive securities: | |||||||||||||||||||||
| Common stock equivalents | 3.0 | 3.3 | 3.9 | 3.0 | 3.6 | ||||||||||||||||
| II-VI Convertible Notes | 7.3 | 7.3 | 7.3 | 7.3 | 7.3 | ||||||||||||||||
| Series A Mandatory Convertible Preferred Stock | 8.9 | 8.9 | 8.9 | 8.9 | 8.9 | ||||||||||||||||
| Diluted weighted average common shares | 125.7 | 125.9 | 125.1 | 125.4 | 123.9 | ||||||||||||||||
| Basic earnings per common share on non-GAAP basis (1) | $ | 1.09 | $ | 1.05 | $ | 0.95 | $ | 4.11 | $ | 4.06 | |||||||||||
| Diluted earnings per common share on non-GAAP basis | $ | 0.98 | $ | 0.95 | $ | 0.88 | $ | 3.72 | $ | 3.73 | |||||||||||
II-VI Incorporated Reports Q4 and Full-Year Fiscal 2022 Results
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*Amounts may not recalculate due to rounding.
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