Earnings Per Share (Tables)

3 Months Ended

Sep. 30, 2018

The following table sets forth the computation of earnings per share for the periods indicated. Basic net income per share has been computed using the weighted average number of shares of Common Stock outstanding during the period. Diluted net income per share has been computed using the weighted average number of common shares outstanding during the period plus dilutive potential shares of Common Stock from (1) stock options, performance and restricted shares (under the treasury stock method) and (2) convertible debt (under the If Converted method) outstanding during the period. The Company’s convertible debt calculated under the If-Converted method was anti-dilutive for the three months ended September 30, 2018 and was excluded from the calculation of earnings per share. ($000 except per share data):

	Three Months Ended
	September 30,
	2018		2017

Net earnings	$	26,149	$	21,141
Divided by:
Weighted average shares		63,420		62,744

Basic earnings per common share	$	0.41	$	0.34

Net earnings	$	26,149	$	21,141
Divided by:
Weighted average shares		63,420		62,744
Dilutive effect of common stock equivalents		2,738		2,539
Diluted weighted average common shares		66,158		65,283

Diluted earnings per common share	$	0.40	$	0.32

Schedule of Potential Shares of Common Stock Excluded from the Calculation of Diluted Net Income Per Share

The following table presents potential shares of Common Stock excluded from the calculation of diluted net income per share as their effect would have been anti-dilutive ($000):

	Three Months Ended
	September 30,
	2018		2017
Stock options and restricted shares		111		87
0.25% convertible senior notes due 2022		7,331		-
Total anti-dilutive shares		7,442			87