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Earnings Per Share Earnings Per Share (Text Block)
 9 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
EARNINGS PER SHARE
The following table reflects the reconciliation between basic and diluted earnings per share.
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
2017
 
2016
 
2017
 
2016
Net Income
$
60,044

 
$
53,883

 
$
181,102

 
$
164,597

Common share information:
 
 
 
 
 
 
 
Weighted average shares outstanding for basic earnings per share
77,597

 
78,805

 
77,941

 
79,608

Dilutive effect of stock options and restricted stock
335

 
362

 
378

 
283

Weighted average shares outstanding for diluted earnings per share
77,932

 
79,167

 
78,319

 
79,891

Basic earnings per share
$
0.77

 
$
0.68

 
$
2.32

 
$
2.07

Diluted earnings per share
$
0.77

 
$
0.68

 
$
2.31

 
$
2.06


Per share information is based on the weighted average number of common shares outstanding for the three and nine months ended March 31, 2017 and 2016. Stock options and restricted stock have been included in the calculation of earnings per share to the extent they are dilutive. There were 89 anti-dilutive stock options and restricted stock shares excluded for the three month period ended March 31, 2017 and no shares excluded for the three month period ended March 31, 2016. For the nine months ended March 31, 2017, there were 74 anti-dilutive shares excluded, and for the nine months ended March 31, 2016, no shares were excluded.