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Earnings Per Share (Tables)
9 Months Ended
Mar. 31, 2018
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

 

 

Nine Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net income

 

$

64,499

 

 

$

40,357

 

 

$

249,340

 

 

$

119,440

 

Weighted-average number of basic shares outstanding

   during the period

 

 

24,656

 

 

 

24,419

 

 

 

24,588

 

 

 

24,382

 

Dilutive effect of RSUs after application of treasury

   stock method

 

 

578

 

 

 

687

 

 

 

641

 

 

 

652

 

Weighted-average number of diluted shares outstanding

   during the period

 

 

25,234

 

 

 

25,106

 

 

 

25,229

 

 

 

25,034

 

Basic earnings per share

 

$

2.62

 

 

$

1.65

 

 

$

10.14

 

 

$

4.90

 

Diluted earnings per share

 

$

2.56

 

 

$

1.61

 

 

$

9.88

 

 

$

4.77