Earnings Per Share

3 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 2 – EARNINGS PER SHARE

We compute basic earnings per share by dividing net income for the period by the weighted average number of common shares outstanding during the period. We compute diluted earnings per share by dividing net income by the weighted average number of common shares plus the dilutive effect of outstanding stock options, restricted stock awards/units, and shares issuable under our employee stock purchase plan. The following table outlines the basic and diluted earnings per common share computations:

	Three Months Ended
(in thousands, except per share data)	September 30, 2011		September 30, 2010
Net income attributable to common stock	$	9,561	$	17,791
Weighted average number of shares outstanding, used in computing basic earnings per share		59,044		58,450
Dilutive common stock equivalents		1,035		1,210
Weighted average number of shares outstanding used in computing diluted earnings per share		60,079		59,660
Basic earnings per share	$	0.16	$	0.30
Diluted earnings per share	$	0.16	$	0.30
Anti-dilutive options (excluded from the calculation of diluted earnings per share)		1,577		1,252