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Earnings Per Share
 12 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The Company computes basic earnings (loss) per share using the weighted average number of common shares outstanding. The Company computes diluted earnings (loss) 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, 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 (loss) per share for the years ended June 30, 2011, 2012 and 2013 (dollars in millions, except share and per share amounts):
 
Year Ended June 30,
 
2011
 
2012
 
2013
Numerator for basic and diluted earnings (loss) per share:
 
 
 
 
 
Income (loss) from continuing operations
$
(6.1
)
 
$
57.8

 
$
61.8

Income (loss) from discontinued operations
(5.9
)
 
(0.5
)
 
0.1

Accretion of redeemable non-controlling interest, net of taxes
—

 
(1.1
)
 
(2.0
)
Income available to common stockholders
$
(12.0
)
 
$
56.2

 
$
59.9

 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
Weighted average common shares outstanding - basic
45,329

 
75,255

 
77,146

Effect of dilutive securities
—

 
3,618

 
2,533

Weighted average shares outstanding - diluted
45,329

 
78,873

 
79,679

 
 
 
 
 
 
Basic earnings (loss) per share:
 
 
 
 
 
Continuing operations
$
(0.13
)
 
$
0.76

 
$
0.78

Discontinued operations
(0.13
)
 
(0.01
)
 
—

Basic earnings (loss) per share
$
(0.26
)
 
$
0.75

 
$
0.78

 
 
 
 
 
 
Diluted earnings (loss) per share:
 
 
 
 
 
Continuing operations
$
(0.13
)
 
$
0.72

 
$
0.75

Discontinued operations
(0.13
)
 
(0.01
)
 
—

Diluted earnings (loss) per share
$
(0.26
)
 
$
0.71

 
$
0.75



For the years ended June 30, 2012 and 2013, the Company excluded 4,377,280 and 3,140,261, 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.