Income Per Share

6 Months Ended

Dec. 31, 2012

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,
		2012		2011		2012		2011
Basic
Net income	$	44,809	$	42,371	$	46,993	$	51,603
Weighted average shares outstanding		29,680		28,980		29,617		28,925
Net income per basic share	$	1.51	$	1.46	$	1.59	$	1.78
Diluted
Net income	$	44,809	$	42,371	$	46,993	$	51,603
Weighted average shares outstanding		29,680		28,980		29,617		28,925
Potential common shares - treasury method		812		937		881		988
Weighted average shares and potential dilutive common shares		30,492		29,917		30,498		29,913
Net income per diluted share	$	1.47	$	1.42	$	1.54	$	1.73

     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, 2012 and 2011 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,
	2012		2011	2012	2011
Number of shares	17	-	-	90	24