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Earnings Per Share
 9 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The Company computes basic earnings per share using the weighted average number of common shares outstanding. The Company computes diluted earnings per share using the weighted average number of common shares outstanding, plus the dilutive effect of outstanding stock options, restricted shares, restricted stock units and performance-based restricted stock units, computed using the treasury stock method. Performance-based restricted stock units are included as dilutive shares when the applicable performance measures are achieved.

The following table sets forth the computation of basic and diluted earnings per share for the three months and nine months ended March 31, 2012 and 2013 (in millions, except per share amounts).
 
Three months ended March 31,
 
Nine months ended March 31,
 
2012
 
2013
 
2012
 
2013
Numerator for basic and diluted earnings per share:
 
 
 
 
 
 
 
Income from continuing operations
$
44.1

 
$
21.3

 
$
38.5

 
$
47.3

Income (loss) from discontinued operations
(0.1
)
 
—

 
(0.5
)
 
0.1

Accretion of redeemable non-controlling interest, net of taxes
(0.4
)
 
(0.7
)
 
(0.8
)
 
(2.0
)
Income available to common stockholders
$
43.6

 
$
20.6

 
$
37.2

 
$
45.4

 
 
 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
75,383

 
77,619

 
75,187

 
76,907

Effect of dilutive securities
3,550

 
2,496

 
3,575

 
2,568

Weighted average shares outstanding - diluted
78,933

 
80,115

 
78,762

 
79,475

 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
Continuing operations
$
0.58

 
$
0.27

 
$
0.50

 
$
0.59

Discontinued operations
—

 
—

 
(0.01
)
 
—

Basic earnings per share
$
0.58

 
$
0.27

 
$
0.49

 
$
0.59

 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Continuing operations
$
0.55

 
$
0.26

 
$
0.48

 
$
0.57

Discontinued operations
—

 
—

 
(0.01
)
 
—

Diluted earnings per share
$
0.55

 
$
0.26

 
$
0.47

 
$
0.57



For the three months ended March 31, 2012 and 2013, the Company excluded 4,647,000 and 3,090,000, respectively, and for the nine months ended March 31, 2012 and 2013, the Company excluded 4,320,000 and 4,221,000, respectively, of potentially dilutive stock options and other stock-based awards from the calculation of diluted earnings per share because such stock-based awards were anti-dilutive or performance conditions were not met.