Earnings per Share (Tables)

9 Months Ended

Mar. 31, 2023

Earnings per Share

Earnings per Share

The following table sets forth the computations of basic and diluted earnings per share and antidilutive shares (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2023		2022		2023		2022
Numerator:
Net income (loss):
Continuing operations	$	48,563	$	4,400	$	78,202	$	(37,092)
Discontinued operations		(2,694)		343,340		(7,088)		341,337
Net income	$	45,869	$	347,740	$	71,114	$	304,245
Denominator:
Weighted-average basic shares outstanding		45,125		48,925		45,276		49,459
Effect of dilutive stock awards		676		452		711		—
Effect of ASR		—		—		102		—
Weighted-average diluted shares outstanding		45,801		49,377		46,089		49,459
Earnings (loss) per share:
Basic:
Continuing operations	$	1.08	$	0.09	$	1.73	$	(0.75)
Discontinued operations	$	(0.06)	$	7.02	$	(0.16)	$	6.90
Total basic earnings per share	$	1.02	$	7.11	$	1.57	$	6.15
Diluted:
Continuing operations	$	1.06	$	0.09	$	1.70	$	(0.75)
Discontinued operations	$	(0.06)	$	6.95	$	(0.15)	$	6.90
Total diluted earnings per share	$	1.00	$	7.04	$	1.54	$	6.15
Weighted-average antidilutive shares		429		2,074		424		2,187