Earnings per Share

3 Months Ended

Sep. 30, 2012

Earnings per Share

Note 9. 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 and the release of performance and restricted shares that were not included in the calculation were approximately 380,000 and 124,000 for the three months ended September 30, 2012 and 2011, respectively, because they were anti-dilutive ($000 except per share data):

	Three Months Ended September 30,
	2012		2011
Net earnings attributable to II-VI Incorporated	$	12,718	$	18,579
Divided by:
Weighted average shares		62,786		62,698
Basic earnings attributable to II-VI Incorporated per common share	$	0.20	$	0.30
Net earnings attributable to II-VI Incorporated	$	12,718	$	18,579
Divided by:
Weighted average shares		62,786		62,698
Dilutive effect of common stock equivalents		1,413		1,367
Diluted weighted average common shares		64,199		64,065
Diluted earnings attributable to II-VI Incorporated per common share	$	0.20	$	0.29