Earnings per Common Share (Tables)

3 Months Ended

Sep. 30, 2014

Earnings per Common Share

Schedule of calculations of basic and diluted earnings per common share

	Three Months Ended
	September 30,
(in millions, except per share data)	2014		2013
Net income	$	13.5	$	34.6
Less: earnings and dividends allocated to participating securities	—		(0.1		)
Earnings available for Carpenter common stockholders used in calculation of basic earnings per share	$	13.5	$	34.5
Weighted average number of common shares outstanding, basic	53.5		53.1
Basic earnings per common share	$	0.25	$	0.65
Net income	$	13.5	$	34.6
Less: earnings and dividends allocated to participating securities	—		(0.1		)
Earnings available for Carpenter common stockholders used in calculation of diluted earnings per share	$	13.5	$	34.5
Weighted average number of common shares outstanding, basic	53.5		53.1
Effect of shares issuable under share-based compensation plans	0.2		0.3
Weighted average number of common shares outstanding, diluted	53.7		53.4
Diluted earnings per common share	$	0.25	$	0.65

Schedule of awards issued under share-based compensation plans excluded from the calculations of diluted earnings per share

	Three Months Ended
	September 30,
(in millions)	2014	2013
Stock options	0.3	0.2