LUXFER HOLDINGS PLC | CIK:0001096056 | 3

  • Filed: 3/19/2018
  • Entity registrant name: LUXFER HOLDINGS PLC (CIK: 0001096056)
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  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1096056/000109605618000011/0001096056-18-000011-index.htm
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    • ifrs-full:DisclosureOfEarningsPerShareExplanatory

    The Group calculates earnings per share in accordance with IAS 33. Basic income per share is calculated based on the weighted average common shares outstanding for the period presented. The weighted average number of shares outstanding is calculated by time-apportioning the shares outstanding during the year.
    For the purpose of calculating diluted earnings per share, the weighted average number of ordinary shares outstanding during the financial year has been adjusted for the dilutive effects of all potential ordinary shares and share options granted to employees.
    Following the decision to terminate Luxfer Holdings PLC's ADS facility, each £0.50 ordinary share of Luxfer Holdings PLC are now listed and traded directly on the New York Stock Exchange (NYSE).
    Management believe the use of non-GAAP financial measures such as adjusted earnings, as reconciled in the table below, per share more closely reflects the underlying earnings per share performance.
     
     
    2017
     
    2016
     
    2015
     
     
     
    $M
     
    $M
     
    $M
     
     
    Basic earnings:
     
     
     
     
     
     
     
    Net income
    11.5

     
    21.9

     
    16.1

     
     
    Adjusted earnings:
     
     
     
     
     
     
     
    Accounting charges relating to acquisitions and disposals of businesses
     
     
     
     
     
     
     
    Unwind of discount on deferred contingent consideration from acquisitions
    0.2

     
    0.4

     
    0.4

     
     
    Acquisitions and disposals (Note 5)
    (1.3
    )
     
    (0.2
    )
     
    2.0

     
     
    Amortization on acquired intangibles
    1.2

     
    1.0

     
    1.4

     
     
    IAS 19R retirement benefits finance charge
    1.8

     
    2.1

     
    3.0

     
     
    Profit on sale of redundant site (Note 5)
    (0.4
    )
     
    (2.1
    )
     
    —

     
     
    Changes to defined benefit pension plans (Note 5)
    —

     
    (0.6
    )
     
    (18.0
    )
     
     
    Restructuring and other expense (Note 5)
    21.6

     
    2.2

     
    22.4

     
     
    Other share based compensation charges
    2.2

     
    1.4

     
    1.3

     
     
    Impact from U.S. tax reform
    (6.0
    )
     
    —

     
    —

     
     
    Income tax thereon
    (3.2
    )
     
    (1.4
    )
     
    0.9

     
     
    Adjusted net income
    27.6

     
    24.7

     
    29.5

     
     
    Weighted average number of £0.50 ordinary shares:
     
     
     
     
     
     
     
    For basic earnings per share
    26,460,947

     
    26,443,662

     
    26,918,987

     
     
    Exercise of share options
    541,223

     
    270,997

     
    453,736

     
     
    For diluted earnings per share
    27,002,170

     
    26,714,659

     
    27,372,723

     
     
    Earnings per share using weighted average number of ordinary shares outstanding:
     
     
     
     
     
     
     
    Basic
     
     
     
     
     
     
     
    Adjusted
    $
    1.04

     
    $
    0.93

     
    $
    1.10

     
     
    Unadjusted
    $
    0.43

     
    $
    0.83

     
    $
    0.60

     
     
    Diluted
     
     
     
     
     
     
     
    Adjusted
    $
    1.02

     
    $
    0.92

     
    $
    1.08

     
     
    Unadjusted
    $
    0.43

     
    $
    0.82

     
    $
    0.59