Earnings per Common Share

12 Months Ended

Jun. 30, 2014

Earnings per Common Share

Earnings per Common Share

4. Earnings per Common Share

The calculations of basic and diluted earnings from continuing operations per common share for the years ended June 30, 2014, 2013 and 2012 were as follows:

	Years Ended June 30,
($ in millions, except per share data)	2014			2013			2012
Net income attributable to Carpenter	$	132.8		$	146.1		$	121.2
Less: earnings and dividends allocated to participating securities	(0.4		)	(0.8		)	(1.1		)
Earnings available for Carpenter common shareholders used in calculation of basic earnings per share	$	132.4		$	145.3		$	120.1
Weighted average number of common shares outstanding, basic	53.3			52.9			47.1
Basic earnings per common share	$	2.48		$	2.75		$	2.55
Net income attributable to Carpenter	$	132.8		$	146.1		$	121.2
Less: earnings and dividends allocated to participating securities	(0.4		)	(0.8		)	(1.1		)
Earnings available for Carpenter common shareholders used in calculation of diluted earnings per share	$	132.4		$	145.3		$	120.1
Weighted average number of common shares outstanding, basic	53.3			52.9			47.1
Effect of shares issuable under share-based compensation plans	0.3			0.3			0.4
Weighted average number of common shares outstanding, diluted	53.6			53.2			47.5
Diluted earnings per common share	$	2.47		$	2.73		$	2.53

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)	2014	2013	2012
Stock options	0.1	0.4	—