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Earnings Per Share
 6 Months Ended
Dec. 31, 2016
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,
 
2016
 
2015
(As Revised)
 
2016
 
2015
(As Revised)
Numerator:
 
 
 
 
 
 
 
Net income
$
27,185

 
$
58,080

 
$
35,789

 
$
87,238

 
 
 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
 
 
Basic earnings per share - weighted average shares outstanding during the period
103,597

 
103,017

 
103,532

 
102,912

Effect of dilutive stock options, unvested restricted stock and unvested restricted share units
607

 
1,144

 
693

 
1,297

Diluted earnings per share - adjusted weighted average shares and assumed conversions
$
104,204

 
$
104,161

 
$
104,225

 
$
104,209

 
 
 
 
 
 
 
 
Net income per common share:
 
 
 
 
 
 
 
Basic
$
0.26

 
$
0.56

 
$
0.35

 
$
0.85

Diluted
$
0.26

 
$
0.56

 
$
0.34

 
$
0.84



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.

There were 275 and 59 stock based awards excluded from our diluted earnings per share calculations for the three and six months ended December 31, 2016 and 2015, respectively, as such awards were contingently issuable based on market or performance conditions, and such conditions had not been achieved during the respective periods. Additionally, 27 restricted stock awards were excluded from our diluted earnings per share calculation for both the three and six months ended December 31, 2016 as such awards were antidilutive. There were no antidilutive awards excluded from our diluted earnings per share calculation for the three and six months ended December 31, 2015.