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Earnings Per Share
 6 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended December 31,
 
Six Months Ended December 31,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net income
$
56,947

 
$
44,575

 
$
88,249

 
$
63,430

 
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average shares
outstanding during the period (in thousands)
103,017

 
101,267

 
102,912

 
100,975

Effect of dilutive stock options, unvested restricted stock and unvested
restricted share units (in thousands)
1,144

 
1,959

 
1,297

 
1,966

Denominator for diluted earnings per share - adjusted weighted
average shares and assumed conversions (in thousands)
104,161

 
103,226

 
104,209

 
102,941

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.55

 
$
0.44

 
$
0.86

 
$
0.63

Diluted earnings per share
$
0.55

 
$
0.43

 
$
0.85

 
$
0.62



Note: The sum of our quarterly net income per share amounts may not equal the year-to-date amounts,as presented, due to rounding.

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.

Restricted stock awards totaling 58,572 were excluded from our diluted earnings per share calculations for the three and six months ended December 31, 2015 as such awards were antidilutive. There were 108,250 awards excluded from our diluted earnings per share calculations for the three and six months ended December 31, 2014 as such awards were contingently issuable based on market or performance conditions and such conditions had not been achieved during the respective periods.