Year Ended June 30,

2020

2019

2018

Earnings per share – basic:

Net income

$

229,296

$

96,072

$

126,150

Income allocated to participating securities

(224

)

(105

)

(108

)

Income available to common shareholders

$

229,072

$

95,967

$

126,042

Weighted-average shares outstanding – basic

38,201

37,781

37,476

Earnings per share – basic

$

6.00

$

2.54

$

3.36

Earnings per share – diluted:

Net income

$

229,296

$

96,072

$

126,150

Income allocated to participating securities

(224

)

(105

)

(108

)

Income available to common shareholders

$

229,072

$

95,967

$

126,042

Weighted-average shares outstanding – basic

38,201

37,781

37,476

Dilutive effect of stock options and restricted stock units

1,200

1,111

579

Weighted-average common shares outstanding – diluted

39,401

38,892

38,055

Earnings per share – diluted

$

5.82

$

2.47

$

3.31