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Earnings Per Share
 12 Months Ended
Jun. 30, 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 exercise of stock options that were not included in the calculation were 140,000, 153,000 and 576,000 for the fiscal years ended June 30, 2017, 2016 and 2015, respectively, because they were anti-dilutive.

 

Year Ended June 30,

 

2017

 

 

2016

 

 

2015

 

($000 except per share)

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

95,274

 

 

$

65,486

 

 

$

65,975

 

Divided by:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

62,576

 

 

 

61,366

 

 

 

61,219

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

1.52

 

 

$

1.07

 

 

$

1.08

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

95,274

 

 

$

65,486

 

 

$

65,975

 

Divided by:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

62,576

 

 

 

61,366

 

 

 

61,219

 

Dilutive effect of common stock equivalents

 

 

1,931

 

 

 

1,543

 

 

 

1,367

 

Diluted weighted average common shares

 

 

64,507

 

 

 

62,909

 

 

 

62,586

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

1.48

 

 

$

1.04

 

 

$

1.05