CONSOLIDATED STATEMENTS OF INCOME (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
Sep. 30, 2012	Sep. 30, 2011
NET SALES	$ 544.9	$ 414.1
Cost of sales	435.6	333.0
Gross profit	109.3	81.1
Selling, general and administrative expenses	47.7	35.7
Acquisition related costs		1.4
Operating income	61.6	44.0
Interest expense	(5.2)	(7.0)
Other income (expense), net	2.7	(0.7)
Income before income taxes	59.1	36.3
Income tax expense	19.6	12.6
Net income	39.5	23.7
Less: Net (income) loss attributable to noncontrolling interest	(0.3)	0.1
NET INCOME ATTRIBUTABLE TO CARPENTER	$ 39.2	$ 23.8
EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$ 0.74	$ 0.53
Diluted (in dollars per share)	$ 0.74	$ 0.53
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	52.8	44.3
Diluted (in shares)	53.4	45.1
Cash dividends per common share (in dollars per share)	$ 0.18	$ 0.18

This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 25

-Paragraph 23

-URI http://asc.fasb.org/extlink&oid=21917927&loc=d3e1043-128460

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 59

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.