Net Income Per Share

12 Months Ended

Jun. 30, 2012

Net Income Per Share [Abstract]

Net Income Per Share

2. Net Income Per Share

The computation of basic and diluted net income per share for fiscal 2012, 2011, and 2010 was as follows (in thousands, except per share amounts):

	2012		2011		2010
Numerator:
Net income	$	54,144	$	63,796	$	52,965
Denominator:
Shares, basic		33,030		34,042		33,836
Effect of dilutive share-based awards		1,405		1,412		1,587
Shares, diluted		34,435		35,454		35,423
Net income per share:
Basic	$	1.64	$	1.87	$	1.57
Diluted	$	1.57	$	1.80	$	1.50

Diluted net income per share does not include the effect of share-based awards for fiscal 2012, 2011, and 2010 as follows (in thousands):

	2012		2011		2010
Share-based awards		3,841		3,584		3,468

These share-based awards were not included in the computation of diluted net income per share because the proceeds received, if any, from such share-based awards combined with the average unamortized compensation costs adjusted for the hypothetical tax benefit or deficiency creditable or chargeable, respectively, to additional paid-in capital, were greater than the average market price of our common stock, and therefore, their effect would have been antidilutive.

Our basic net income per share amounts for each period presented have been computed using the weighted average number of shares of common stock outstanding. Our diluted net income per share amounts for each period presented include the weighted average effect of potentially dilutive shares. We used the “treasury stock” method to determine the dilutive effect of our stock options, DSUs, and convertible notes. Under the treasury stock method, shares associated with our convertible notes are included in the calculation of diluted net income per share only if the weighted average price of our common stock exceeds $33.69 during the reporting period.