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Earnings Per Share
 12 Months Ended
Jun. 30, 2014
Earnings Per Share

Note 9.Earnings Per Share

The following table sets forth the computation of earnings per share for the periods indicated. Weighted-average shares issuable upon the exercise of stock options that were not included in the calculation were 507,000, 470,000 and 220,000 for the fiscal years ended June 30, 2014, 2013 and 2012, respectively, because they were anti-dilutive.

 

Year Ended June 30,

 

2014

 

 

2013

 

 

2012

 

($000 except per share)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations attributable to

II-VI Incorporated

 

$

38,316

 

 

$

57,602

 

 

$

69,749

 

Earnings (loss) from discontinued operation

 

$

133

 

 

 

(6,789

)

 

 

(9,443

)

Net Earnings from continuing operations attributable to

II-VI Incorporated

 

$

38,449

 

 

$

50,813

 

 

$

60,306

 

Divided by:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

62,248

 

 

 

62,411

 

 

 

62,823

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) attributable to II-VI Incorporated

per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.62

 

 

$

0.92

 

 

$

1.10

 

Discontinued operation

 

$

-

 

 

$

(0.11

)

 

$

(0.15

)

Consolidated

 

$

0.62

 

 

$

0.81

 

 

$

0.96

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations attributable to

II-VI Incorporated

 

$

38,316

 

 

$

57,602

 

 

$

69,749

 

Earnings (loss) from discontinued operation

 

$

133

 

 

 

(6,789

)

 

 

(9,443

)

Net Earnings from continuing operations attributable to

II-VI Incorporated

 

$

38,449

 

 

$

50,813

 

 

$

60,306

 

Divided by:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

62,248

 

 

 

62,411

 

 

 

62,823

 

Diluted effect of common stock equivalents

 

 

1,438

 

 

 

1,473

 

 

 

1,562

 

Diluted weighted average common shares

 

 

63,686

 

 

 

63,884

 

 

 

64,385

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) attributable to II-VI Incorporated

per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.60

 

 

$

0.90

 

 

$

1.08

 

Discontinued operation

 

$

-

 

 

$

(0.11

)

 

$

(0.15

)

Consolidated

 

$

0.60

 

 

$

0.80

 

 

$

0.94