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Earnings (Loss) Per Common Share (Tables)
 3 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the calculations of basic earnings (loss) per common share:

Three months ended September 30,
2018
 
2017
(In millions except per share data)
 
 
 
Net earnings
$
17.0

 
$
33.4

Participating warrant dividend
(0.9
)
 
—

Preferred stock dividend
(14.0
)
 
—

Accretion of redeemable, convertible Series A preferred stock
(4.3
)
 
—

Other securities dividends
(0.4
)
 
—

Basic earnings (loss) attributable to common shareholders
$
(2.6
)
 
$
33.4

 
 
 
 
Weighted average common shares outstanding
45.1

 
44.8

Basic earnings (loss) per common share
$
(0.06
)
 
$
0.75



Diluted earnings (loss) per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The dilutive effects of these share-based awards were computed using the two-class method.

Three months ended September 30,
2018
 
2017
(In millions except per share data)
 
 
 
Basic weighted-average common shares outstanding
45.1

 
44.8

Dilutive effect of stock options and equivalents
—

 
0.8

Diluted weighted-average shares outstanding
45.1

 
45.6

 
 
 
 
Diluted earnings (loss) attributable to common shareholders
$
(2.6
)
 
$
33.4

Diluted earnings (loss) per common share
(0.06
)
 
0.73