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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Jun. 30, 2019
Quarterly Financial Data [Abstract]  
Quarterly financial data by results of operations
($ in millions)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Results of Operations
 
 

 
 

 
 

 
 

Fiscal Year 2019
 
 

 
 

 
 

 
 

Net sales
 
$
572.4

 
$
556.5

 
$
609.9

 
$
641.4

 
 
 
 
 
 
 
 
 
Gross profit
 
$
91.7

 
$
107.0

 
$
123.2

 
$
122.9

 
 
 
 
 
 
 
 
 
Operating income
 
$
45.0

 
$
55.4

 
$
73.2

 
$
67.9

 
 
 
 
 
 
 
 
 
Net income
 
$
31.5

 
$
35.5

 
$
51.1

 
$
48.9

 
 
 
 
 
 
 
 
 
Fiscal Year 2018
 
 

 
 

 
 

 
 

Net sales
 
$
479.8

 
$
487.8

 
$
572.2

 
$
618.0

 
 
 
 
 
 
 
 
 
Gross profit
 
$
85.6

 
$
85.7

 
$
96.1

 
$
114.9

 
 
 
 
 
 
 
 
 
Operating income
 
$
42.2

 
$
41.4

 
$
45.7

 
$
60.0

 
 
 
 
 
 
 
 
 
Net income
 
$
23.4

 
$
92.1

 
$
30.2

 
$
42.8

During the quarter ended December 31, 2017, the Company recorded an income tax benefit. See Note 17, Income Taxes to Notes to Consolidated Financial Statements included in Item 8. “Financial Statements and Supplementary Data”.
(per share amount)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Earnings per common share
 
 
 
 
 
 
 
 
Fiscal Year 2019
 
 
 
 
 
 
 
 
Basic earnings
 
$
0.66

 
$
0.73

 
$
1.06

 
$
1.01

 
 
 
 
 
 
 
 
 
Diluted earnings
 
$
0.65

 
$
0.73

 
$
1.05

 
$
1.00

Fiscal Year 2018
 
 
 
 
 
 
 
 
Basic earnings
 
$
0.49

 
$
1.93

 
$
0.63

 
$
0.90

 
 
 
 
 
 
 
 
 
Diluted earnings
 
$
0.49

 
$
1.92

 
$
0.63

 
$
0.88

(shares in millions)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Weighted average common shares outstanding
 
 
 
 
 
 
 
 
Fiscal Year 2019
 
 

 
 

 
 

 
 

Basic
 
47.6

 
47.7

 
47.7

 
47.7

Diluted
 
48.2

 
48.0

 
48.1

 
48.1

Fiscal Year 2018
 
 

 
 

 
 

 
 

Basic
 
47.1

 
47.2

 
47.2

 
47.4

Diluted
 
47.3

 
47.6

 
47.7

 
48.0