Earnings Per Share

3 Months Ended

Sep. 30, 2011

EARNINGS PER SHARE

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


	Three Months Ended September 30,
	2011		2010
Numerator:
Net income	$	11,690	$	9,095

Denominator for basic earnings per share - weighted average shares outstanding during the period		43,930		42,823
Effect of dilutive stock options and unvested restricted stock		1,426		1,095


Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions		45,356		43,918

Basic net income per share	$	0.27	$	0.21

Diluted net income per share	$	0.26	$	0.21

Basic earnings per share excludes the dilutive effects of stock options and unvested restricted stock. Diluted earnings per share includes only the dilutive effects of common stock equivalents such as stock options. Anti-dilutive stock options, restricted stock and restricted stock units totaling 1,254 for the three months ended September 30, 2010 were excluded from our earnings per share calculations. There were no anti-dilutive stock options or restricted shares for the three months ended September 30, 2011.