Earnings Per Share

12 Months Ended

Jun. 30, 2016

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:



	Fiscal Year Ended June 30,
	2016		2015 (Revised)		2014 (Revised)
Numerator:
Income from continuing operations	$	47,429	$	164,962	$	131,551
Loss from discontinued operations, net of tax	—		—		(1,629		)
Net income	$	47,429	$	164,962	$	129,922

Denominator:
Basic weighted average shares outstanding	103,135		101,703		97,750
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	1,048		1,718		2,256
Diluted weighted average shares outstanding	104,183		103,421		100,006

*Basic net income/(loss) per common share:
From continuing operations	$	0.46	$	1.62	$	1.35
From discontinued operations	—		—		(0.02		)
Net income per common share - basic	$	0.46	$	1.62	$	1.33

*Diluted net income/(loss) per common share:
From continuing operations	$	0.46	$	1.60	$	1.32
From discontinued operations	—		—		(0.02		)
Net income per common share - diluted	$	0.46	$	1.60	$	1.30

* Net income per common share may not add in certain periods due to rounding

Note: On December 29, 2014, the Company effected a two-for-one stock split of its common stock in the form of a 100% stock dividend to shareholders of record as of December 12, 2014. All share and per share information has been retroactively adjusted to reflect the stock split.

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.

There were 282, 107 and 136 stock based awards excluded from our diluted earnings per share calculations for the fiscal years ended June 30, 2016, 2015 and 2014, respectively, as such awards were contingently issuable based on market or performance conditions, and such conditions had not been achieved during the respective periods.