Earnings per Common Share (Tables)

3 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Schedule of calculations of basic and diluted earnings per common share

The calculations of basic and diluted earnings per common share for the three months ended September 30, 2015 and 2014 were as follows:

	Three Months Ended September 30,
(in millions, except per share data)	2015		2014
Net income	$	8.9	$	13.5
Less: earnings and dividends allocated to participating securities	—		—
Earnings available for common stockholders used in calculation of basic earnings per share	$	8.9	$	13.5
Weighted average number of common shares outstanding, basic	49.7		53.5
Basic earnings per common share	$	0.18	$	0.25
Net income	$	8.9	$	13.5
Less: earnings and dividends allocated to participating securities	—		—
Earnings available for common stockholders used in calculation of diluted earnings per share	$	8.9	$	13.5
Weighted average number of common shares outstanding, basic	49.7		53.5
Effect of shares issuable under share-based compensation plans	0.2		0.2
Weighted average number of common shares outstanding, diluted	49.9		53.7
Diluted earnings per common share	$	0.18	$	0.25

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

The following awards issued under share-based compensation plans were excluded from the above calculations of diluted earnings per share because their effects were anti-dilutive:

	Three Months Ended September 30,
(in millions)	2015	2014
Stock options	1.3	0.3