Earnings Per Share

9 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Note  8. 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 and totaled approximately 36,000 and 163,000 for the three and nine months ended March 31, 2017, respectively, and 109,000 and 178,000 for the three and nine months ended March 31, 2016, respectively ($000 except per share data):

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2017		2016		2017		2016
Net earnings	$	22,430	$	14,938	$	62,627	$	51,143
Divided by:
Weighted average shares		62,807		61,369		62,403		61,252
Basic earnings per common share	$	0.36	$	0.24	$	1.00	$	0.83
Net earnings	$	22,430	$	14,938	$	62,627	$	51,143
Divided by:
Weighted average shares		62,807		61,369		62,403		61,252
Dilutive effect of common stock equivalents		2,203		1,684		1,930		1,566
Diluted weighted average common shares		65,010		63,053		64,333		62,818
Diluted earnings per common share	$	0.35	$	0.24	$	0.97	$	0.81