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Earnings (Loss) Per Share (Tables)
12 Months Ended
Jun. 30, 2012
Earnings (Loss) Per Share [Abstract]  
Reconciliation of the amounts used to compute basic and diluted earnings per common share
The reconciliation of the amounts used to compute basic and diluted earnings per common share for the years ended June 30, 2012, 2011, and 2010 is as follows:

 
2012
 
 
2011
 
 
2010
 
Basic earnings per share computation
 
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
 
Net income attributable to Globe Specialty Metals, Inc.
 
$
54,570
 
 
 
52,808
 
 
 
34,101
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average basic shares outstanding
 
 
75,038,674
 
 
 
74,924,947
 
 
 
73,511,696
 
Basic earnings per common share
 
$
0.73
 
 
 
0.70
 
 
 
0.46
 
Diluted earnings per share computation
 
 
 
 
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to Globe Specialty Metals, Inc.
 
$
54,570
 
 
 
52,808
 
 
 
34,101
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average basic shares outstanding
 
 
75,038,674
 
 
 
74,924,947
 
 
 
73,511,696
 
Effect of dilutive securities
 
 
1,585,218
 
 
 
1,699,398
 
 
 
1,258,451 
 
Weighted average diluted shares outstanding
 
 
76,623,892
 
 
 
76,624,345
 
 
 
74,770,147
 
Diluted earnings per common share
 
$
0.71
 
 
 
0.69
 
 
 
0.46
 
Potentially anti-dilutive common shares excluded from the calculation of diluted earnings
The following potential common shares were excluded from the calculation of diluted earnings per common share because their effect would be anti-dilutive:

 
2012
 
 
2011
 
 
2010
 
Stock options
 
 
1,101,079
 
 
 
66,667
 
 
 
160,000