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SHAREHOLDERS' EQUITY (Tables)
3 Months Ended
Sep. 30, 2011
SHAREHOLDERS' EQUITY: 
Reconciliation of shares used in the computation of basic and diluted earnings per share

 

 

 

For the Three Months
Ended September 30,

 

 

 

2011

 

2010

 

 

 

(Shares in thousands)

 

Weighted average shares for basic earnings per share

 

56,849

 

56,629

 

Effect of dilutive securities:

 

 

 

 

 

Dilutive effect of stock-based compensation

 

249

 

174

 

Dilutive effect of convertible debt

 

 

11,158

 

Weighted average shares for diluted earnings per share

 

57,098

 

67,961

 

 

Awards excluded from earnings per share calculations

 

 

 

For the Three Months
Ended September 30,

 

 

 

2011

 

2010

 

 

 

(Shares in thousands)

 

Basic earnings per share:

 

 

 

 

 

RSAs (1)

 

858

 

923

 

RSUs (1)

 

215

 

215

 

 

 

1,073

 

1,138

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

Stock options (2)

 

826

 

900

 

SARs (2)

 

1,030

 

1,089

 

RSAs (2)

 

767

 

430

 

Shares issuable upon conversion of debt (3)

 

11,184

 

 

 

 

13,807

 

2,419

 

 

 

(1)      Awards were not vested

(2)      Awards were anti-dilutive

(3)      Shares were anti-dilutive for the three months ended September 30, 2011.

Reconciliation of the net income available to common shareholders and the net income for diluted earnings per share

 

 

 

For the Three Months
Ended September 30,

 

 

 

2011

 

2010

 

 

 

(Dollars in thousands)

 

Net income available to common shareholders

 

$

8,337

 

$

18,320

 

Effect of dilutive securities:

 

 

 

 

 

Interest on convertible debt, net of taxes

 

 

2,013

 

Net income for diluted earnings per share

 

$

8,337

 

$

20,333

 

 

Schedule of change in additional paid-in capital

 

 

 

(Dollars in
thousands)

 

Balance, June 30, 2011

 

$

341,190

 

Stock-based compensation

 

2,440

 

Vested stock option expirations

 

(182

)

Other

 

(3

)

Balance, September 30, 2011

 

$

343,445

 

 

Schedule of details related to comprehensive income

 

 

 

For the Three Months Ended
September 30,

 

 

 

2011

 

2010

 

 

 

(Dollars in thousands)

 

Net income

 

$

8,337

 

$

18,320

 

Other comprehensive (loss) income:

 

 

 

 

 

Changes in fair market value of financial instruments designated as cash flow hedges of interest rate exposure, net of taxes

 

446

 

(64

)

Cumulative foreign currency translation

 

(20,553

)

14,796

 

 

 

 

 

 

 

Total comprehensive (loss) income

 

$

(11,770

)

$

33,052