EARNINGS PER SHARE

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



(In Thousands, Except Per Share Data)	Three Months Ended December 31,				Six Months Ended December 31,
	2018		2017		2018		2017
Net Income	$	68,089	$	161,243	$	151,640	$	228,113
Common share information:
Weighted average shares outstanding for basic earnings per share	77,216		77,218		77,202		77,250
Dilutive effect of stock options and restricted stock	193		347		272		356
Weighted average shares outstanding for diluted earnings per share	77,409		77,565		77,474		77,606
Basic earnings per share	$	0.88	$	2.09	$	1.96	$	2.95
Diluted earnings per share	$	0.88	$	2.08	$	1.96	$	2.94

Per share information is based on the weighted average number of common shares outstanding for the three and six months ended December 31, 2018 and 2017. Stock options and restricted stock have been included in the calculation of earnings per share to the extent they are dilutive. There were 5 anti-dilutive stock options or restricted stock shares excluded for the quarter ended December 31, 2018 and no anti-dilutive stock options or restricted stock shares excluded for the quarter ended December 31, 2017. There were 1 anti-dilutive stock options or restricted stock shares excluded for the six months ended December 31, 2018 compared to none for the six months ended December 31, 2017.