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Earnings per Share (Tables)
6 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the calculations of earnings per share:

 
Three Months
 
 
Six Months
Periods ended December 31,
2015
 
2014
 
 
2015
 
2014
(In thousands except per share data)
 
 
 
 
 
 
 
 
Net earnings
$
32,519

 
$
39,591

 
 
$
43,548

 
$
68,956

Basic average shares outstanding
44,640

 
44,483

 
 
44,626

 
44,471

Dilutive effect of stock options and equivalents
718

 
785

 
 
747

 
753

Diluted average shares outstanding
45,358

 
45,268

 
 
45,373

 
45,224

Earnings per share
 
 
 
 
 
 
 
 
Basic earnings per share
$
0.73

 
$
0.89

 
 
$
0.98

 
$
1.55

Diluted earnings per share
0.72

 
0.87

 
 
0.96

 
1.52