Earnings Per Share (Tables)

3 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Computation of Earnings Per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share computations for the periods presented ($000):

	Three Months Ended September 30,
	2020		2019
Numerator
Net earnings (loss)	$	46,266	$	(25,998)
Series A Mandatory Convertible Preferred Stock dividends	$	(6,440)	$	—
Basic earnings (loss) available to common shareholders	$	39,826	$	(25,998)
Diluted earnings (loss) available to common shareholders	$	39,826	$	(25,998)
Denominator
Weighted average shares	102,809		65,969
Effect of dilutive securities:
Common stock equivalents	2,438		—
Diluted weighted average common shares	105,247		65,969
Basic earnings (loss) per common share	$	0.39	$	(0.39)
Diluted earnings (loss) per common share	$	0.38	$	(0.39)

Schedule of Potential Shares of Common Stock Excluded from the Calculation of Diluted Net Income Per Share

The following table presents potential shares of the Company's common stock excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive (000):

	Three Months Ended September 30,
	2020	2019
Series A Mandatory Convertible Preferred Stock	10,425	—
0.25% Convertible Senior Notes due 2022	7,331	7,331
Common stock equivalents	430	2,036
0.50% Finisar Convertible Notes	75	190
Total anti-dilutive shares	18,261	9,557