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Earnings Per Share | 12 Months Ended
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Jun. 30, 2017
Earnings Per Share [Abstract] |
Earnings Per Share |
Note 8. | Earnings Per Share
The following table sets forth the computation of earnings per share for the periods indicated. Weighted-average shares issuable upon the exercise of stock options that were not included in the calculation were 140,000, 153,000 and 576,000 for the fiscal years ended June 30, 2017, 2016 and 2015, respectively, because they were anti-dilutive.
Year Ended June 30, |  | 2017 |  |  | 2016 |  |  | 2015 |
($000 except per share) |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 95,274 |  |  | $ | 65,486 |  |  | $ | 65,975 |
Divided by: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares |  |  | 62,576 |  |  |  | 61,366 |  |  |  | 61,219 |
Basic earnings per common share |  | $ | 1.52 |  |  | $ | 1.07 |  |  | $ | 1.08 |
Net earnings |  | $ | 95,274 |  |  | $ | 65,486 |  |  | $ | 65,975 |
Divided by: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares |  |  | 62,576 |  |  |  | 61,366 |  |  |  | 61,219 |
Dilutive effect of common stock equivalents |  |  | 1,931 |  |  |  | 1,543 |  |  |  | 1,367 |
Diluted weighted average common shares |  |  | 64,507 |  |  |  | 62,909 |  |  |  | 62,586 |
Diluted earnings per common share |  | $ | 1.48 |  |  | $ | 1.04 |  |  | $ | 1.05 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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