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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
Net sales $ 473.6 $ 456.3 $ 1,289.9 $ 1,355.7
Cost of sales 390.5 386.3 1,098.3 1,150.8
Cost of sales - excess inventory write-down 0.0 22.5 0.0 22.5
Gross profit 83.1 47.5 191.6 182.4
Selling, general and administrative expenses 47.3 41.7 139.0 129.5
Restructuring and asset impairment charges 0.0 17.6 0.0 18.0
Goodwill impairment 0.0 12.5 0.0 12.5
Operating income (loss) 35.8 (24.3) 52.6 22.4
Interest expense (7.7) (7.2) (22.5) (20.8)
Other income (expense), net 1.0 (1.5) 2.0 (3.4)
Income (loss) before income taxes 29.1 (33.0) 32.1 (1.8)
Income tax expense (benefit) 8.4 (9.1) 10.6 1.8
Net income (loss) $ 20.7 $ (23.9) $ 21.5 $ (3.6)
EARNINGS (LOSS) PER COMMON SHARE:        
Basic (in dollars per share) $ 0.44 $ (0.51) $ 0.45 $ (0.08)
Diluted (in dollars per share) $ 0.44 $ (0.51) $ 0.45 $ (0.08)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 47.0 47.1 47.0 48.5
Diluted (in shares) 47.1 47.1 47.1 48.5
Cash dividends per common share (in dollars per share) $ 0.18 $ 0.18 $ 0.54 $ 0.54