Earnings Per Share (Text Block)

12 Months Ended

Jun. 30, 2018

Earnings Per Share, Basic and Diluted [Abstract]

EARNINGS PER SHARE

The following table reflects the reconciliation between basic and diluted earnings per share.



	Year Ended June 30,
	2018		2017		2016
Net Income	$	376,660	$	245,793	$	248,867
Common share information:
Weighted average shares outstanding for basic earnings per share	77,252		77,856		79,416
Dilutive effect of stock options and restricted stock	333		399		318
Weighted average shares outstanding for diluted earnings per share	77,585		78,255		79,734
Basic earnings per share	$	4.88	$	3.16	$	3.13
Diluted earnings per share	$	4.85	$	3.14	$	3.12

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 contain non-forfeitable rights to participate in dividends. There were 41 anti-dilutive stock options and restricted stock excluded for fiscal 2018, 32 shares excluded for fiscal 2017, and no shares excluded for fiscal 2016.