Earnings Per Common Share (Tables)

9 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Schedule of calculations of basic and diluted earnings per common share

The calculations of basic and diluted (loss) earnings per common share for the three and nine months ended March 31, 2015 and 2014 were as follows:

	Three Months Ended March 31,						Nine Months Ended March 31,
(in millions, except per share data)	2015			2014			2015		2014
Net (loss) income	$	(1.4	)	$	30.6		$	36.2	$	94.7
Less: earnings and dividends allocated to participating securities	—			(0.1		)	—		(0.3		)
(Loss) earnings available for Carpenter common stockholders used in calculation of basic earnings per share	$	(1.4	)	$	30.5		$	36.2	$	94.4
Weighted average number of common shares outstanding, basic	52.6			53.3			53.2		53.2
Basic (loss) earnings per common share	$	(0.03	)	$	0.57		$	0.68	$	1.77
Net (loss) income	$	(1.4	)	$	30.6		$	36.2	$	94.7
Less: earnings and dividends allocated to participating securities	—			(0.1		)	—		(0.3		)
(Loss) earnings available for Carpenter common stockholders used in calculation of diluted earnings per share	$	(1.4	)	$	30.5		$	36.2	$	94.4
Weighted average number of common shares outstanding, basic	52.6			53.3			53.2		53.2
Effect of shares issuable under share-based compensation plans	—			0.4			0.1		0.4
Weighted average number of common shares outstanding, diluted	52.6			53.7			53.3		53.6
Diluted (loss) earnings per common share	$	(0.03	)	$	0.57		$	0.68	$	1.76

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 March 31,		Nine Months Ended March 31,
(in millions)	2015	2014	2015	2014
Stock options	1.1	0.1	0.7	0.1