XML 32 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share
 12 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

(12)  Earnings Per Share



We compute basic earnings per share by dividing the net income available to common stockholders by the weighted average number of shares of common stock outstanding. For purposes of calculating diluted earnings per share, the denominator includes both the weighted average number of shares of common stock outstanding and the number of dilutive common stock equivalents such as stock options and restricted stock units.



The weighted average number of outstanding stock options and restricted stock units not included in the computation of diluted earnings per share were 153,000,  173,000 and 297,000 for the years ended June 30, 2018, 2017 and 2016, respectively, as the effect would have been anti-dilutive.

 

Basic and diluted earnings per share for the years ended June 30, 2018, 2017 and 2016 are calculated as follows (in thousands except per share data):





 

 

 

 

 

 

 

 

 



 

2018

 

2017

 

2016

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

 315,588 

 

$

 342,284 

 

$

 352,409 

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 

 142,764 

 

 

 141,360 

 

 

 140,242 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options and restricted stock units

 

 

 1,223 

 

 

 1,093 

 

 

 1,427 

Diluted weighted average shares

 

 

 143,987 

 

 

 142,453 

 

 

 141,669 

Basic earnings per share

 

$

 2.21 

 

$

 2.42 

 

$

 2.51 

Diluted earnings per share

 

$

 2.19 

 

$

 2.40 

 

$

 2.49