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Earnings Per Share
 3 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

Note  9.

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 87,000 and 368,000 for the three months ended September 30, 2017 and 2016, respectively. The earnings per share computation does not include the effects of the convertible note issuance as these notes are not convertible until January 1, 2018, ($000 except per share data):

 

 

 

Three Months Ended

 

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

21,141

 

 

$

16,294

 

Divided by:

 

 

 

 

 

 

 

 

Weighted average shares

 

 

62,744

 

 

 

62,020

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

0.34

 

 

$

0.26

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

21,141

 

 

$

16,294

 

Divided by:

 

 

 

 

 

 

 

 

Weighted average shares

 

 

62,744

 

 

 

62,020

 

Dilutive effect of common stock equivalents

 

 

2,539

 

 

 

1,570

 

Diluted weighted average common shares

 

 

65,283

 

 

 

63,590

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

0.32

 

 

$

0.26