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EARNINGS PER SHARE
 12 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 23. EARNINGS PER SHARE

Earnings per share and the weighted-average number of diluted shares are computed as follows (in thousands, except per share data):

 

 

 

Year ended June 30,

 

 

 

2018

 

 

2017

 

 

2016

 

Net income

 

$

301,171

 

 

$

163,671

 

 

$

142,799

 

Weighted-average number of basic shares outstanding

   during the period

 

 

24,616

 

 

 

24,401

 

 

 

24,262

 

Dilutive effect of SSARs/stock options and RSUs/restricted

   shares after application of treasury stock method

 

 

639

 

 

 

668

 

 

 

540

 

Weighted-average number of diluted shares outstanding

   during the period

 

 

25,255

 

 

 

25,069

 

 

 

24,802

 

Basic earnings per share

 

$

12.23

 

 

$

6.71

 

 

$

5.89

 

Diluted earnings per share

 

$

11.93

 

 

$

6.53

 

 

$

5.76

 

 

There were no anti-dilutive common stock equivalents for the years ended June 30, 2018, 2017, and 2016 because the Company’s average stock price exceeded the exercise price of all shares outstanding. The calculation of diluted earnings per share for the year ended June 30, 2018 includes the shares underlying the performance-based RSUs granted in September 2017, September 2016 and September 2015.