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Earnings Per Share | 12 Months Ended
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Jun. 30, 2021
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 141,000, 164,000 and 200,000 for the years ended June 30, 2021, 2020 and 2019, respectively, as the effect would have been anti-dilutive. Basic and diluted earnings per share for the years ended June 30, 2021, 2020 and 2019 are calculated as follows (in thousands except per share data):
|  | 2021 |  | 2020 |  | 2019
Numerator: |  |  |  |  |  |  |  |  |
Net income |  | $ | 474,505 |  | $ | 621,674 |  | $ | 404,592
Denominator: |  |  |  |  |  |  |  |  |
Basic weighted-average common shares outstanding |  |  | 145,313 |  |  | 144,338 |  |  | 143,111
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Stock options and restricted stock units |  |  | 1,138 |  |  | 1,314 |  |  | 1,373
Diluted weighted average shares |  |  | 146,451 |  |  | 145,652 |  |  | 144,484
Basic earnings per share |  | $ | 3.27 |  | $ | 4.31 |  | $ | 2.83
Diluted earnings per share |  | $ | 3.24 |  | $ | 4.27 |  | $ | 2.80

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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