Loss per Common Share (Tables)

9 Months Ended

Mar. 31, 2022

Schedule of calculations of basic and diluted loss per common share

The calculations of basic and diluted loss per common share for the three and nine months ended March 31, 2022 and 2021 were as follows:


	Three Months Ended March 31,				Nine Months Ended March 31,
(in millions, except per share data)	2022		2021		2022		2021
Net loss	$	(7.5)	$	(40.5)	$	(51.7)	$	(172.5)
Dividends allocated to participating securities	—		(0.1)		(0.1)		(0.3)
Loss available for common stockholders used in calculation of basic loss per common share	$	(7.5)	$	(40.6)	$	(51.8)	$	(172.8)

Weighted average number of common shares outstanding, basic	48.6		48.3		48.5		48.3

Basic loss per common share	$	(0.16)	$	(0.84)	$	(1.07)	$	(3.58)

Net loss	$	(7.5)	$	(40.5)	$	(51.7)	$	(172.5)
Dividends allocated to participating securities	—		(0.1)		(0.1)		(0.3)
Loss available for common stockholders used in calculation of diluted loss per common share	$	(7.5)	$	(40.6)	$	(51.8)	$	(172.8)

Weighted average number of common shares outstanding, basic	48.6		48.3		48.5		48.3
Effect of shares issuable under share-based compensation plans	—		—		—		—
Weighted average number of common shares outstanding, diluted	48.6		48.3		48.5		48.3

Diluted loss per common share	$	(0.16)	$	(0.84)	$	(1.07)	$	(3.58)

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 loss per share because their effects were anti-dilutive:


	Three Months Ended March 31,		Nine Months Ended March 31,
(in millions)	2022	2021	2022	2021
Stock options	1.9	1.9	2.0	2.1