XML 24 R35.htm IDEA: XBRL DOCUMENT v3.19.2
Earnings per Common Share (Tables)
 12 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of calculations basic and diluted earnings per common share
The calculations of basic and diluted earnings per common share for the years ended June 30, 2019, 2018 and 2017 were as follows:
 
 
 
Years Ended June 30,
(in millions, except per share data)
 
2019
 
2018
 
2017
Net income
 
$
167.0

 
$
188.5

 
$
47.0

Less: earnings and dividends allocated to participating securities
 
(1.9
)
 
(1.7
)
 
(0.3
)
 
 
 
 
 
 
 
Earnings available for common shareholders used in calculation of basic earnings per share
 
$
165.1

 
$
186.8

 
$
46.7

 
 
 
 
 
 
 
Weighted average number of common shares outstanding, basic
 
47.7

 
47.2

 
47.0

 
 
 
 
 
 
 
Basic earnings per common share
 
$
3.46

 
$
3.96

 
$
0.99

 
 
 
 
 
 
 
Net income
 
$
167.0

 
$
188.5

 
$
47.0

Less: earnings and dividends allocated to participating securities
 
(1.9
)
 
(1.7
)
 
(0.3
)
 
 
 
 
 
 
 
Earnings available for common shareholders used in calculation of diluted earnings per share
 
$
165.1

 
$
186.8

 
$
46.7

 
 
 
 
 
 
 
Weighted average number of common shares outstanding, basic
 
47.7

 
47.2

 
47.0

Effect of shares issuable under share-based compensation plans
 
0.4

 
0.4

 
0.1

 
 
 
 
 
 
 
Weighted average number of common shares outstanding, diluted
 
48.1

 
47.6

 
47.1

 
 
 
 
 
 
 
Diluted earnings per common share
 
$
3.43

 
$
3.92

 
$
0.99
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 calculations of diluted earnings per share above because their effects were anti-dilutive:
 
 
 
Years Ended June 30,
(in millions)
 
2019
 
2018
 
2017
Stock options
 
0.7

 
0.7

 
1.9