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Earnings per Common Share
 12 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings per Common Share
   Earnings per Common Share
 
The calculations of basic and diluted earnings from continuing operations per common share for the years ended June 30, 2015, 2014 and 2013 were as follows:
 
 
 
Years Ended June 30,
($ in millions, except per share data)
 
2015
 
2014
 
2013
Net income attributable to Carpenter
 
$
58.7

 
$
132.8

 
$
146.1

Less: earnings and dividends allocated to participating securities
 
(0.1
)
 
(0.4
)
 
(0.8
)
 
 
 
 
 
 
 
Earnings available for Carpenter common shareholders used in calculation of basic earnings per share
 
$
58.6

 
$
132.4

 
$
145.3

 
 
 
 
 
 
 
Weighted average number of common shares outstanding, basic
 
52.6

 
53.3

 
52.9

 
 
 
 
 
 
 
Basic earnings per common share
 
$
1.11

 
$
2.48

 
$
2.75

 
 
 
 
 
 
 
Net income attributable to Carpenter
 
$
58.7

 
$
132.8

 
$
146.1

Less: earnings and dividends allocated to participating securities
 
(0.1
)
 
(0.4
)
 
(0.8
)
 
 
 
 
 
 
 
Earnings available for Carpenter common shareholders used in calculation of diluted earnings per share
 
$
58.6

 
$
132.4

 
$
145.3

 
 
 
 
 
 
 
Weighted average number of common shares outstanding, basic
 
52.6

 
53.3

 
52.9

Effect of shares issuable under share-based compensation plans
 
0.1

 
0.3

 
0.3

 
 
 
 
 
 
 
Weighted average number of common shares outstanding, diluted
 
52.7

 
53.6

 
53.2

 
 
 
 
 
 
 
Diluted earnings per common share
 
$
1.11

 
$
2.47

 
$
2.73


 
The following awards issued under share-based compensation plans were excluded from the calculations of diluted earnings per share above because their effects were anti-dilutive:
 
 
 
Years Ended June 30,
(in millions)
 
2015
 
2014
 
2013
Stock options
 
0.8

 
0.1

 
0.4