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Earnings Per Share
 12 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
 
 
Fiscal Year ended June 30,
 
2014
 
2013
 
2012
Numerator:
 
 
 
 
 
Income from continuing operations
$
141,480

 
$
119,793

 
$
94,214

(Loss) from discontinued operations, net of tax
(1,629
)
 
(5,137
)
 
(14,989
)
Net income
$
139,851

 
$
114,656

 
$
79,225

 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
Denominator for basic earnings per share - weighted average shares outstanding during the period
48,875

 
46,176

 
44,360

Effect of dilutive stock options, unvested restricted stock and unvested restricted share units
1,128

 
1,396

 
1,487

Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions
50,003

 
47,572

 
45,847

 
 
 
 
 
 
Basic net income/(loss) per common share:


 


 


  From continuing operations
$
2.89

 
$
2.59

 
$
2.12

  From discontinued operations
(0.03
)
 
(0.11
)
 
(0.33
)
Net income per common share - basic
$
2.86

 
$
2.48

 
$
1.79

 
 
 
 
 
 
Diluted net income/(loss) per common share:
 
 
 
 
 
  From continuing operations
$
2.83

 
$
2.52

 
$
2.05

  From discontinued operations
(0.03
)
 
(0.11
)
 
(0.32
)
Net income per common share - diluted
$
2.80

 
$
2.41

 
$
1.73



Basic earnings per share excludes the dilutive effects of stock options, unvested restricted stock and unvested restricted share units. Diluted earnings per share includes the dilutive effects of common stock equivalents such as stock options and unvested restricted stock awards. The Company used income from continuing operations as the control number in determining whether potential common shares were dilutive or anti-dilutive. The same number of potential common shares used in computing the diluted per share amount from continuing operations was also used in computing the diluted per share amounts from discontinued operations even if those amounts were anti-dilutive.

Restricted stock awards totaling 135,905 and 300,000 were excluded from our diluted earnings per share calculations for the fiscal years ended June 30, 2014 and 2013 as such awards are contingently issuable based on market or performance conditions and such conditions had not been achieved during the respective periods. There were 29,000 anti-dilutive stock options and restricted stock awards for the fiscal year ended June 30, 2012.