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Earnings Per Share (Tables)
9 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

The following table sets forth the computation of earnings per share for the periods indicated. Weighted average shares issuable upon the exercises of stock options and the release of performance and restricted shares are not included in the calculation because they were anti-dilutive totaled approximately 109,000 and 178,000 for the three and nine months ended March 31, 2016, respectively, and 334,000 and 729,000 for the three and nine months ended March 31, 2015, respectively ($000 except per share data):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Net earnings

 

$

14,938

 

 

$

14,508

 

 

$

51,143

 

 

$

48,906

 

Divided by:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

61,369

 

 

 

61,082

 

 

 

61,252

 

 

 

61,319

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

$

0.24

 

 

$

0.24

 

 

$

0.83

 

 

$

0.80

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

14,938

 

 

$

14,508

 

 

$

51,143

 

 

$

48,906

 

Divided by:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

61,369

 

 

 

61,082

 

 

 

61,252

 

 

 

61,319

 

Dilutive effect of common stock equivalents

 

 

1,684

 

 

 

1,431

 

 

 

1,566

 

 

 

1,286

 

Diluted weighted average common shares

 

 

63,053

 

 

 

62,513

 

 

 

62,818

 

 

 

62,605

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

$

0.24

 

 

$

0.23

 

 

$

0.81

 

 

$

0.78