Earnings Per Common Share (Tables)

6 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Schedule of calculations of basic and diluted earnings per common share

The calculations of basic and diluted earnings per common share for the three and six months ended December 31, 2014 and 2013 were as follows:

	Three Months Ended December 31,					Six Months Ended December 31,
(in millions, except per share data)	2014		2013			2014			2013
Net income	$	24.1	$	29.5		$	37.6		$	64.1
Less: earnings and dividends allocated to participating securities	—		(0.1		)	(0.1		)	(0.2		)
Earnings available for Carpenter common stockholders used in calculation of basic earnings per share	$	24.1	$	29.4		$	37.5		$	63.9
Weighted average number of common shares outstanding, basic	53.4		53.2			53.5			53.2
Basic earnings per common share	$	0.45	$	0.55		$	0.70		$	1.20
Net income	$	24.1	$	29.5		$	37.6		$	64.1
Less: earnings and dividends allocated to participating securities	—		(0.1		)	(0.1		)	(0.2		)
Earnings available for Carpenter common stockholders used in calculation of diluted earnings per share	$	24.1	$	29.4		$	37.5		$	63.9
Weighted average number of common shares outstanding, basic	53.4		53.2			53.5			53.2
Effect of shares issuable under share-based compensation plans	0.2		0.4			0.2			0.3
Weighted average number of common shares outstanding, diluted	53.6		53.6			53.7			53.5
Diluted earnings per common share	$	0.45	$	0.55		$	0.70		$	1.19

Schedule of awards issued under share-based compensation plans excluded from the calculations of diluted earnings per share

The following awards issued under share-based compensation plans were excluded from the above calculations of diluted earnings per share because their effects were anti-dilutive:

	Three Months Ended December 31,		Six Months Ended December 31,
(in millions)	2014	2013	2014	2013
Stock options	0.7	—	0.6	0.1