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Earnings Per Share
6 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share (9)      Earnings Per Share Basic earnings per share is computed 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 49,762 and 196,856 for the three months ended December 31, 2021 and 2020, respectively, and 25,470 and 154,888 for the six months ended December 31, 2021 and 2020, respectively, as the effect would have been anti-dilutive. Basic and diluted earnings per share are calculated as follows (in thousands except per share data): Three Months Ended‎December 31, Six Months Ended‎December 31, 2021 2020 2021 2020Numerator: Net income $ 201,751  $ 179,514  $ 405,364  $ 357,886 Denominator: Basic weighted-average common shares outstanding 145,990  145,246  145,835  145,053 Effect of dilutive securities: Stock options and restricted stock units 1,050  1,175  1,209  1,297 Diluted weighted average shares 147,040  146,421  147,044  146,350 Basic earnings per share $ 1.38  $ 1.24  $ 2.78  $ 2.47 Diluted earnings per share $ 1.37  $ 1.23  $ 2.76  $ 2.45