Computation of Earnings Per Common Share

6 Months Ended

Dec. 31, 2019

Computation of Earnings per Common Share

Basic earnings per common share (“EPS”) is based upon net income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the effect of the assumed vesting of restricted stock units (“RSUs”) and exercise of stock options only in the periods in which such effect would have been dilutive.

The following table presents a reconciliation of the weighted-average number of shares used in the calculations of basic and diluted EPS:



	Three Months Ended		Six Months Ended
	December 31,		December 31,
	2019	2018	2019	2018
Weighted-average number of shares for basic EPS	60,452	75,079	67,758	74,987
Dilutive effect of shares issuable under share-based compensation plans	373	658	386	728
Weighted-average number of shares for diluted EPS	60,825	75,737	68,144	75,715
Anti-dilutive shares	2,981	316	2,602	444