Earnings Per Common Share (Tables)

9 Months Ended

Mar. 31, 2014

Earnings Per Common Share

Schedule of calculations of basic and diluted earnings per common share

	Three Months Ended						Nine Months Ended
	March 31,						March 31,
(in millions, except per share data)	2014			2013			2014			2013
Net income attributable to Carpenter	$	30.6		$	32.9		$	94.7		$	105.1
Less: earnings and dividends allocated to participating securities	(0.1		)	(0.2		)	(0.3		)	(0.6		)
Earnings available to Carpenter common stockholders used in calculation of basic earnings per share	$	30.5		$	32.7		$	94.4		$	104.5
Weighted average number of common shares outstanding, basic	53.3			52.9			53.2			52.9
Basic earnings per common share	$	0.57		$	0.62		$	1.77		$	1.98
Net income attributable to Carpenter	$	30.6		$	32.9		$	94.7		$	105.1
Less: earnings and dividends allocated to participating securities	(0.1		)	(0.2		)	(0.3		)	(0.6		)
Earnings available to Carpenter common stockholders used in calculation of diluted earnings per share	$	30.5		$	32.7		$	94.4		$	104.5
Weighted average number of common shares outstanding, basic	53.3			52.9			53.2			52.9
Effect of shares issuable under share based compensation plans	0.4			0.3			0.4			0.2
Weighted average number of common shares outstanding, diluted	53.7			53.2			53.6			53.1
Diluted earnings per common share	$	0.57		$	0.62		$	1.76		$	1.97

Schedule of awards issued under share-based compensation plans excluded from the calculations of diluted earnings per share

	Three Months Ended		Nine Months Ended
	March 31,		March 31,
(in millions)	2014	2013	2014	2013
Stock options	0.1	0.2	0.1	0.3