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Earnings Per Share (Tables)
6 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings per Share

The chart below shows the calculation of basic and diluted earnings per share (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Net income

 

$

42,420

 

 

$

30,452

 

 

$

79,083

 

 

$

65,084

 

Weighted-average number of basic shares outstanding

   during the period

 

 

24,387

 

 

 

24,246

 

 

 

24,363

 

 

 

24,227

 

Dilutive effect of SSARs/stock options and RSUs after

   application of treasury stock method

 

 

682

 

 

 

540

 

 

 

635

 

 

 

527

 

Weighted-average number of diluted shares outstanding

   during the period

 

 

25,069

 

 

 

24,786

 

 

 

24,998

 

 

 

24,754

 

Basic earnings per share

 

$

1.74

 

 

$

1.26

 

 

$

3.25

 

 

$

2.69

 

Diluted earnings per share

 

$

1.69

 

 

$

1.23

 

 

$

3.16

 

 

$

2.63