Net Income Per Share (Tables)

6 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of calculations of basic and diluted net income per share and basic and dilutive weighted average shares outstanding

The calculations of basic and diluted net income per share and basic and dilutive weighted average shares outstanding for the three and six months ended December 31, 2019 and 2018 are as follows:

	Three Months Ended December 31,				Six Months Ended December 31,
	2019		2018		2019		2018
	(Dollars and Shares in Thousands, Except per Share Data)
Net income	$	38,275	$	59,217	$	84,559	$	97,282
Weighted average shares outstanding	68,114		70,428		68,277		70,708
Dilutive impact from:
Employee equity awards	730		720		813		892
Dilutive weighted average shares outstanding	68,844		71,148		69,090		71,600
Income per share
Basic	$	0.56	$	0.84	$	1.24	$	1.38
Dilutive	$	0.56	$	0.83	$	1.22	$	1.36

Schedule of employee equity awards excluded from the calculation of dilutive weighted average shares outstanding

The following employee equity awards were excluded from the calculation of dilutive weighted average shares outstanding because their effect would be anti-dilutive as of December 31, 2019 and 2018:

	Three Months Ended December 31,		Six Months Ended December 31,
	2019	2018	2019	2018
	(Shares in Thousands)
Employee equity awards	698	867	691	812