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