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Earnings (Loss) Per Common Share (Tables)
 6 Months Ended
Dec. 31, 2019
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
 
 
Six Months
Periods ended December 31,
2019
 
2018
 
 
2019
 
2018
(In millions except per share data)
 
 
 
 
 
 
 
 
Net earnings
$
37.8

 
$
18.6

 
 
$
43.9

 
$
35.6

Participating warrants dividend
(0.9
)
 
(0.9
)
 
 
(1.9
)
 
(1.8
)
Preferred stock dividend
(14.1
)
 
(14.4
)
 
 
(28.5
)
 
(28.4
)
Accretion of redeemable, convertible Series A preferred stock
(4.5
)
 
(4.3
)
 
 
(9.0
)
 
(8.6
)
Other securities dividends
(0.3
)
 
(0.6
)
 
 
(0.3
)
 
(1.0
)
Earnings (loss) attributable to common shareholders
$
18.0

 
$
(1.6
)
 
 
$
4.2

 
$
(4.2
)
 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
45.7

 
45.3

 
 
45.7

 
45.2

Basic earnings (loss) per common share
$
0.39

 
$
(0.03
)
 
 
$
0.09

 
$
(0.09
)


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
 
 
Six Months
Periods ended December 31,
2019
 
2018
 
 
2019
 
2018
(In millions except per share data)
 
 
 
 
 
 
 
 
Basic weighted-average common shares outstanding
45.7

 
45.3

 
 
45.7

 
45.2

Dilutive effect of stock options and equivalents
—

 
0.4

 
 
—

 
0.5

Dilutive effect of participating warrants
1.6

 
1.6

 
 
—

 
1.6

Diluted weighted-average shares outstanding
47.3

 
47.3

 
 
45.7

 
47.3

 
 
 
 
 
 
 
 
 
Diluted earnings (loss) attributable to common shareholders
$
19.0

 
$
(0.5
)
 
 
$
4.2

 
$
(2.1
)
Diluted earnings (loss) per common share
0.40

 
(0.01
)
 
 
0.09

 
(0.05
)