Earnings Per Share Earnings Per Share (Text Block)

9 Months Ended

Mar. 31, 2019

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,
	2019		2018		2019		2018
Net Income	$	59,252	$	69,086	$	210,892	$	297,199
Common share information:
Weighted average shares outstanding for basic earnings per share	77,177		77,247		77,194		77,249
Dilutive effect of stock options and restricted stock	109		299		217		337
Weighted average shares outstanding for diluted earnings per share	77,286		77,546		77,411		77,586
Basic earnings per share	$	0.77	$	0.89	$	2.73	$	3.85
Diluted earnings per share	$	0.77	$	0.89	$	2.72	$	3.83

Per share information is based on the weighted average number of common shares outstanding for the three and nine months ended March 31, 2019 and 2018. Stock options and restricted stock have been included in the calculation of earnings per share to the extent they are dilutive. There were 20 anti-dilutive stock options or restricted stock shares excluded for the quarter ended March 31, 2019 and 49 anti-dilutive stock options or restricted stock shares excluded for the quarter ended March 31, 2018. There were 14 anti-dilutive stock options or restricted stock shares excluded for the nine months ended March 31, 2019 compared to 36 for the nine months ended March 31, 2018.