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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Jun. 30, 2019
Quarterly Financial Data [Abstract] |
Quarterly financial data by results of operations |
($ in millions) |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Results of Operations |  |  |  |  |  |  |  |  |  |  |  |
Fiscal Year 2019 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 572.4 |  |  | $ | 556.5 |  |  | $ | 609.9 |  |  | $ | 641.4 |
Gross profit |  | $ | 91.7 |  |  | $ | 107.0 |  |  | $ | 123.2 |  |  | $ | 122.9 |
Operating income |  | $ | 45.0 |  |  | $ | 55.4 |  |  | $ | 73.2 |  |  | $ | 67.9 |
Net income |  | $ | 31.5 |  |  | $ | 35.5 |  |  | $ | 51.1 |  |  | $ | 48.9 |
Fiscal Year 2018 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 479.8 |  |  | $ | 487.8 |  |  | $ | 572.2 |  |  | $ | 618.0 |
Gross profit |  | $ | 85.6 |  |  | $ | 85.7 |  |  | $ | 96.1 |  |  | $ | 114.9 |
Operating income |  | $ | 42.2 |  |  | $ | 41.4 |  |  | $ | 45.7 |  |  | $ | 60.0 |
Net income |  | $ | 23.4 |  |  | $ | 92.1 |  |  | $ | 30.2 |  |  | $ | 42.8 |
During the quarter ended December 31, 2017, the Company recorded an income tax benefit. See Note 17, Income Taxes to Notes to Consolidated Financial Statements included in Item 8. “Financial Statements and Supplementary Data”.
(per share amount) |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Earnings per common share |  |  |  |  |  |  |  |
Fiscal Year 2019 |  |  |  |  |  |  |  |
Basic earnings |  | $ | 0.66 |  |  | $ | 0.73 |  |  | $ | 1.06 |  |  | $ | 1.01 |
Diluted earnings |  | $ | 0.65 |  |  | $ | 0.73 |  |  | $ | 1.05 |  |  | $ | 1.00 |
Fiscal Year 2018 |  |  |  |  |  |  |  |
Basic earnings |  | $ | 0.49 |  |  | $ | 1.93 |  |  | $ | 0.63 |  |  | $ | 0.90 |
Diluted earnings |  | $ | 0.49 |  |  | $ | 1.92 |  |  | $ | 0.63 |  |  | $ | 0.88 |
(shares in millions) |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Weighted average common shares outstanding |  |  |  |  |  |  |  |
Fiscal Year 2019 |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | 47.6 |  |  | 47.7 |  |  | 47.7 |  |  | 47.7 |
Diluted |  | 48.2 |  |  | 48.0 |  |  | 48.1 |  |  | 48.1 |
Fiscal Year 2018 |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | 47.1 |  |  | 47.2 |  |  | 47.2 |  |  | 47.4 |
Diluted |  | 47.3 |  |  | 47.6 |  |  | 47.7 |  |  | 48.0 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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