Net Income Per Share (Tables)

9 Months Ended

Mar. 31, 2020

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 nine months ended March 31, 2020 and 2019 are as follows:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2020		2019		2020		2019
	(Dollars and Shares in Thousands, Except per Share Data)
Net income	$	43,521	$	61,587	$	128,080	$	158,869
Weighted average shares outstanding	67,806		69,423		68,122		70,286
Dilutive impact from:
Employee equity awards	676		737		784		856
Dilutive weighted average shares outstanding	68,482		70,160		68,906		71,142
Income per share
Basic	$	0.64	$	0.89	$	1.88	$	2.26
Dilutive	$	0.64	$	0.88	$	1.86	$	2.23

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 March 31, 2020 and 2019:

	Three Months Ended March 31,		Nine Months Ended March 31,
	2020	2019	2020	2019
	(Shares in Thousands)
Employee equity awards	688	803	678	803