Earnings Per Share

12 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note 17 — Earnings Per Share

We present EPS using the two-class method. This method addresses whether awards granted in share-based transactions are participating securities prior to vesting and therefore need to be included in the earning allocation in computing earnings per share using the two-class method. This method requires non-vested share-based payment awards that have non-forfeitable rights to dividends or dividend equivalents to be treated as a separate class of securities in calculating earnings per share. Our participating securities include non-vested restricted stock. The components of basic and diluted earnings per share are as follows:

	Fiscal Year Ended June 30,
	2012					2011					2010
				Per Share					Per Share					Per Share
	Income		Shares	Amount		Income		Shares	Amount		Income		Shares	Amount
Basic EPS
Net income attributable to
controlling interests	$	260,213				$	194,437				$	120,597
Less: Income allocated to
participating securities		(8,206)					(9,324)					(4,323)
Income available to
common shareholders	$	252,007	69,944	$	3.60	$	185,113	70,523	$	2.62	$	116,274	57,135	$	2.04
Diluted EPS
Share-based compensation
awards		-	320				-	64				-	115
Income available to
common shareholders	$	252,007	70,264	$	3.59	$	185,113	70,587	$	2.62	$	116,274	57,250	$	2.03

Stock options of 108.9 thousand were outstanding as of June 30, 2010, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive.