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Earnings Per Share | 9 Months Ended
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Mar. 31, 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 exercises of stock options and the release of performance and restricted shares are not included in the calculation because they were anti-dilutive and totaled approximately 36,000 and 163,000 for the three and nine months ended March 31, 2017, respectively, and 109,000 and 178,000 for the three and nine months ended March 31, 2016, respectively ($000 except per share data):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Net earnings |  | $ | 22,430 |  |  | $ | 14,938 |  |  | $ | 62,627 |  |  | $ | 51,143 |
Divided by: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares |  |  | 62,807 |  |  |  | 61,369 |  |  |  | 62,403 |  |  |  | 61,252 |
Basic earnings per common share |  | $ | 0.36 |  |  | $ | 0.24 |  |  | $ | 1.00 |  |  | $ | 0.83 |
Net earnings |  | $ | 22,430 |  |  | $ | 14,938 |  |  | $ | 62,627 |  |  | $ | 51,143 |
Divided by: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares |  |  | 62,807 |  |  |  | 61,369 |  |  |  | 62,403 |  |  |  | 61,252 |
Dilutive effect of common stock equivalents |  |  | 2,203 |  |  |  | 1,684 |  |  |  | 1,930 |  |  |  | 1,566 |
Diluted weighted average common shares |  |  | 65,010 |  |  |  | 63,053 |  |  |  | 64,333 |  |  |  | 62,818 |
Diluted earnings per common share |  | $ | 0.35 |  |  | $ | 0.24 |  |  | $ | 0.97 |  |  | $ | 0.81 |

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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 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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