Earnings per Common Share (Tables)

6 Months Ended

Dec. 31, 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 and six months ended December 31, 2015 and 2014 were as follows:

	Three Months Ended December 31,				Six Months Ended December 31,
(in millions, except per share data)	2015		2014		2015			2014
Net income	$	11.5	$	24.1	$	20.4		$	37.6
Less: earnings and dividends allocated to participating securities	—		—		(0.1		)	(0.1		)
Earnings available for common stockholders used in calculation of basic earnings per common share	$	11.5	$	24.1	$	20.3		$	37.5
Weighted average number of common shares outstanding, basic	48.8		53.4		49.3			53.5
Basic earnings per common share	$	0.23	$	0.45	$	0.41		$	0.70
Net income	$	11.5	$	24.1	$	20.4		$	37.6
Less: earnings and dividends allocated to participating securities	—		—		(0.1		)	(0.1		)
Earnings available for common stockholders used in calculation of diluted earnings per common share	$	11.5	$	24.1	$	20.3		$	37.5
Weighted average number of common shares outstanding, basic	48.8		53.4		49.3			53.5
Effect of shares issuable under share-based compensation plans	0.1		0.2		0.1			0.2
Weighted average number of common shares outstanding, diluted	48.9		53.6		49.4			53.7
Diluted earnings per common share	$	0.23	$	0.45	$	0.41		$	0.70

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 December 31,		Six Months Ended December 31,
(in millions)	2015	2014	2015	2014
Stock options	1.5	0.7	1.4	0.6