XML 50 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
6 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
Note 11. Earnings Per Share

The following table sets forth the computation of earnings per share attributable to II-VI Incorporated for the periods indicated. Weighted average shares issuable upon the exercises of stock options that were not included in the calculation were approximately 147,000 and 209,000 for the three and six months ended December 31, 2011, respectively, and 234,000 and 364,000 for the three and six months ended December 31, 2010, respectively, because they were anti-dilutive ($000 except per share data):

 

 

     Three Months Ended
December 31,
     Six Months Ended
December 31,
 
     2011      2010      2011      2010  

Net earnings attributable to II-VI Incorporated

   $ 13,287       $ 19,157       $ 31,866       $ 37,524   

Divided by:

           

Weighted average shares

     62,720         62,078         62,709         61,944   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings attributable to II-VI Incorporated per common share

   $ 0.21       $ 0.31       $ 0.51       $ 0.61   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net earnings attributable to II-VI Incorporated

   $ 13,287       $ 19,157       $ 31,866       $ 37,524   

Divided by:

           

Weighted average shares

     62,720         62,078         62,709         61,944   

Dilutive effect of common stock equivalents

     1,474         1,702         1,457         1,546   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted average common shares

     64,194         63,780         64,166         63,490   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings attributable to II-VI Incorporated per common share

   $ 0.21       $ 0.30       $ 0.50       $ 0.59