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Earnings Per Share (Text Block)
 12 Months Ended
Jun. 30, 2016
Earnings Per Share, Basic and Diluted [Abstract]  
Earnings Per Share [Text Block]
EARNINGS PER SHARE
The following table reflects the reconciliation between basic and diluted earnings per share.
 
Year Ended June 30,
 
2016
 
2015
 
2014
Net Income
$
248,867

 
$
211,221

 
$
186,715

Common share information:
 
 
 
 
 
Weighted average shares outstanding for basic earnings per share
79,416

 
81,353

 
84,866

Dilutive effect of stock options and restricted stock
318

 
248

 
530

Weighted average shares outstanding for diluted earnings per share
79,734

 
81,601

 
85,396

Basic earnings per share
$
3.13

 
$
2.60

 
$
2.20

Diluted earnings per share
$
3.12

 
$
2.59

 
$
2.19


Per share information is based on the weighted average number of common shares outstanding for each of the fiscal years. Stock options and restricted stock have been included in the calculation of earnings per share to the extent they are dilutive. The two-class method for computing EPS has not been applied because no outstanding awards participate in dividends. There were no anti-dilutive stock options and restricted stock excluded for fiscal 2016, no shares excluded for fiscal 2015, and 24 shares excluded for fiscal 2014.