Earnings (Loss) per Common Share (Tables)

9 Months Ended

Mar. 31, 2021

Schedule of calculations of basic and diluted earnings per common share

The calculations of basic and diluted (loss) earnings per common share for the three and nine months ended March 31, 2021 and 2020 were as follows:


	Three Months Ended March 31,				Nine Months Ended March 31,
(in millions, except per share data)	2021		2020		2021		2020
Net (loss) income	$	(40.5)	$	39.9	$	(172.5)	$	119.9
Less: dividends allocated to participating securities	(0.1)		(0.4)		(0.3)		(1.1)
(Loss) earnings available for common stockholders used in calculation of basic (loss) earnings per common share	$	(40.6)	$	39.5	$	(172.8)	$	118.8

Weighted average number of common shares outstanding, basic	48.3		48.1		48.3		48.0

Basic (loss) earnings per common share	$	(0.84)	$	0.82	$	(3.58)	$	2.47

Net (loss) income	$	(40.5)	$	39.9	$	(172.5)	$	119.9
Less: dividends allocated to participating securities	(0.1)		(0.4)		(0.3)		(1.1)
(Loss) earnings available for common stockholders used in calculation of diluted (loss) earnings per common share	$	(40.6)	$	39.5	$	(172.8)	$	118.8

Weighted average number of common shares outstanding, basic	48.3		48.1		48.3		48.0
Effect of shares issuable under share-based compensation plans	—		0.2		—		0.4
Weighted average number of common shares outstanding, diluted	48.3		48.3		48.3		48.4

Diluted (loss) earnings per common share	$	(0.84)	$	0.82	$	(3.58)	$	2.46

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 March 31,		Nine Months Ended March 31,
(in millions)	2021	2020	2021	2020
Stock options	1.9	2.0	2.1	0.9