Computation of Earnings Per Common Share

9 Months Ended

Mar. 31, 2020

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		Nine Months Ended
	March 31,		March 31,
	2020	2019	2020	2019
Weighted-average number of shares for basic EPS	60,011	75,152	65,194	75,041
Dilutive effect of shares issuable under share-based compensation plans	304	587	359	671
Weighted-average number of shares for diluted EPS	60,315	75,739	65,553	75,712
Anti-dilutive shares	2,981	992	2,727	618