XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share
 9 Months Ended
Mar. 31, 2017
Earnings Per Share  
Earnings Per Share

Note 3—Earnings Per Share

 

Earnings per share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share are computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable for unvested restricted stock, as calculated using the treasury stock method.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

March 31, 

 

March 31, 

 

 

    

2017

    

2016

    

2017

    

2016

 

Numerator:

    

 

 

    

 

 

    

 

 

    

 

 

 

Net income available to common
shareholders—basic and diluted

 

$

10,754

 

$

3,783

 

$

22,878

 

$

8,873

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of
common shares outstanding—basic

 

 

77,696

 

 

77,452

 

 

77,583

 

 

71,076

 

Effect of unvested restricted stock and restricted stock units *

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Weighted average number of
common shares outstanding—diluted

 

 

77,696

 

 

77,452

 

 

77,583

 

 

71,076

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

0.14

 

$

0.05

 

$

0.29

 

$

0.12

 

Dilutive earnings per common share

 

$

0.14

 

$

0.05

 

$

0.29

 

$

0.12

 

 

* The effect of unvested restricted stock and restricted stock units for the three and nine months ended March 31, 2017 was not material.