Earnings Per Share

9 Months Ended

Mar. 31, 2012

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 March 31,				Nine Months Ended March 31,
	2012		2011		2012		2011
Numerator:
Income from continuing operations	$	24,069	$	16,772	$	55,627	$	42,134
Income from discontinued operations, net of tax	38		—		208		—
Net income	$	24,107	$	16,772	$	55,835	$	42,134
Denominator (in thousands):
Denominator for basic earnings per share - weighted average shares outstanding during the period	44,506		43,202		44,198		42,985
Effect of dilutive stock options, unvested restricted stock and unvested restricted stock units	1,483		1,509		1,468		1,336
Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions	45,989		44,711		45,666		44,321
Basic net income per common share:
From continuing operations	$	0.54	$	0.39	$	1.26	$	0.98
From discontinued operations	0.00		—		0.00		—
Net income per common share - basic	$	0.54	$	0.39	$	1.26	$	0.98
Diluted net income per common share:
From continuing operations	$	0.52	$	0.38	$	1.22	$	0.95
From discontinued operations	0.00		—		0.00		—
Net income per common share - diluted	$	0.52	$	0.38	$	1.22	$	0.95

Basic earnings per share excludes the dilutive effects of stock options, unvested restricted stock and unvested restricted share units. Diluted earnings per share includes only 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.

Anti-dilutive stock options and restricted stock awards totaling 4,000 and 591,000 for the three months and 39,000 and 833,000 for the nine months ended March 31, 2012 and 2011, respectively, were excluded from our earnings per share calculations.