Income Per Share

6 Months Ended

Dec. 31, 2011

Income Per Share [Abstract]

Income Per Share

NOTE 3. INCOME PER SHARE

     Basic net income per share is computed by dividing the net income by the weighted average number of shares of the Company's outstanding common stock, $.01 par value per share ("Common Stock"). The calculation of net income per diluted share is similar to basic net income per share except that the denominator includes potentially dilutive Common Stock equivalents, such as stock options and non-vested restricted stock or restricted stock units.

The following table represents the computation of net income per share:

(Amounts in thousands, except per
share data)		Three Months Ended				Six Months Ended
		December 31,	December 31,			December 31,	December 31,
		2011		2010		2011		2010
Basic
Net income	$	42,371	$	33,958	$	51,603	$	38,845
Weighted average shares outstanding		28,980		27,459		28,925		27,266
Net income per basic share	$	1.46	$	1.24	$	1.78	$	1.42
Diluted
Net income	$	42,371	$	33,958	$	51,603	$	38,845
Weighted average shares outstanding		28,980		27,459		28,925		27,266
Potential common shares - treasury
method		937		1,109		988		1,031
Weighted average shares and potential
dilutive common shares		29,917		28,568		29,913		28,297
Net income per diluted share	$	1.42	$	1.19	$	1.73	$	1.37

     The following table shows the number of Common Stock equivalents subject to option awards that were outstanding for the three and six months ended December 31, 2011 and 2010 that were not included in the diluted net income per share calculation because to do so would have been anti-dilutive:

(Amounts in thousands)		Three Months Ended		Six Months Ended
		December 31,	December 31,	December 31,	December 31,
		2011	2010	2011	2010
Number of shares	-	-	936	24	1,045