Earnings per Common Share The calculations of basic and diluted earnings from continuing operations per common share for the years ended June 30, 2017, 2016 and 2015 were as follows: | | | | | | | | | | | | | | | | Years Ended June 30, | (in millions, except per share data) | | 2017 | | 2016 | | 2015 | Net income | | $ | 47.0 |
| | $ | 11.3 |
| | $ | 58.7 |
| Less: earnings and dividends allocated to participating securities | | (0.3 | ) | | (0.1 | ) | | (0.1 | ) | | | | | | | | Earnings available for common shareholders used in calculation of basic earnings per share | | $ | 46.7 |
| | $ | 11.2 |
| | $ | 58.6 |
| | | | | | | | Weighted average number of common shares outstanding, basic | | 47.0 |
| | 48.1 |
| | 52.6 |
| | | | | | | | Basic earnings per common share | | $ | 0.99 |
| | $ | 0.23 |
| | $ | 1.11 |
| | | | | | | | Net income | | $ | 47.0 |
| | $ | 11.3 |
| | $ | 58.7 |
| Less: earnings and dividends allocated to participating securities | | (0.3 | ) | | (0.1 | ) | | (0.1 | ) | | | | | | | | Earnings available for common shareholders used in calculation of diluted earnings per share | | $ | 46.7 |
| | $ | 11.2 |
| | $ | 58.6 |
| | | | | | | | Weighted average number of common shares outstanding, basic | | 47.0 |
| | 48.1 |
| | 52.6 |
| Effect of shares issuable under share-based compensation plans | | 0.1 |
| | 0.1 |
| | 0.1 |
| | | | | | | | Weighted average number of common shares outstanding, diluted | | 47.1 |
| | 48.2 |
| | 52.7 |
| | | | | | | | Diluted earnings per common share | | $ | 0.99 |
| | $ | 0.23 |
| | $ | 1.11 |
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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) | | 2017 | | 2016 | | 2015 | Stock options | | 1.9 |
| | 1.5 |
| | 0.8 |
|
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