Earnings (Loss) per Common Share (Tables)

12 Months Ended

Jun. 30, 2024

Schedule of Calculations Basic and Diluted Earnings (Loss) per Common Share

The calculations of basic and diluted earnings (loss) per common share for the years ended June 30, 2024, 2023 and 2022 were as follows:


	Years Ended June 30,
(in millions, except per share data)	2024		2023		2022
Net income (loss)	$	186.5	$	56.4	$	(49.1)
Dividends allocated to participating securities	(0.3)		(0.4)		(0.1)

Earnings (loss) available for common stockholders used in calculation of basic earnings (loss) per common share	$	186.2	$	56.0	$	(49.2)

Weighted average number of common shares outstanding, basic	49.7		48.8		48.5

Basic earnings (loss) per common share	$	3.75	$	1.15	$	(1.01)

Net income (loss)	$	186.5	$	56.4	$	(49.1)
Dividends allocated to participating securities	(0.3)		(0.4)		(0.1)

Earnings (loss) available for common stockholders used in calculation of diluted earnings (loss) per common share	$	186.2	$	56.0	$	(49.2)

Weighted average number of common shares outstanding, basic	49.7		48.8		48.5
Effect of shares issuable under share-based compensation plans	0.6		0.4		—

Weighted average number of common shares outstanding, diluted	50.3		49.2		48.5

Diluted earnings (loss) per common share	$	3.70	$	1.14	$	(1.01)

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 calculations of diluted earnings per share above because their effects were anti-dilutive:


	Years Ended June 30,
(in millions)	2024	2023	2022
Stock options	—	0.7	1.9