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Earnings Per Share (Tables) | 3 Months Ended
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Sep. 30, 2019
Earnings Per Share [Abstract] |
Computation of Earnings Per Share | The following table sets forth the computation of earnings per share for the periods indicated. Basic net income per share has been computed using the weighted average number of shares of Common Stock outstanding during the period. Diluted net income per share has been computed using the weighted average number of common shares outstanding during the period plus dilutive potential shares of Common Stock from (1) stock options, performance and restricted shares (under the treasury stock method) and (2) convertible debt (under the If Converted method) outstanding during the period. The Company’s convertible debt calculated under the if-converted method was anti-dilutive for the three months ended September 30, 2019 and 2018, and was excluded from the calculation of earnings per share (000 except per share data):
|  | Three Months Ended |
|  | September 30, |
|  | 2019 |  |  | 2018 |
Basic Earnings per Share |  |  |  |  |  |  |  |
Net earnings (loss) |  | $ | (25,998 | ) |  | $ | 26,149 |
Divided by: |  |  |  |  |  |  |  |
Weighted average shares |  |  | 65,969 |  |  |  | 63,420 |
Basic earnings (loss) per common share |  | $ | (0.39 | ) |  | $ | 0.41 |
Diluted Earnings per Share |  |  |  |  |  |  |  |
Net earnings (loss) |  | $ | (25,998 | ) |  | $ | 26,149 |
Divided by: |  |  |  |  |  |  |  |
Weighted average shares |  |  | 65,969 |  |  |  | 63,420 |
Dilutive effect of common stock equivalents |  |  | - |  |  |  | 2,738 |
Diluted weighted average common shares |  |  | 65,969 |  |  |  | 66,158 |
Diluted earnings (loss) per common share |  | $ | (0.39 | ) |  | $ | 0.40 |
Schedule of Potential Shares of Common Stock Excluded from the Calculation of Diluted Net Income Per Share | The following table presents potential shares of Common Stock excluded from the calculation of diluted net income per share as their effect would have been anti-dilutive (000):
|  | Three Months Ended |  |
|  | September 30, |  |
|  | 2019 |  |  | 2018 |  |
Common stock equivalents |  |  | 2,036 |  |  |  | 111 |  |
0.25% Convertible Senior Notes due 2022 |  |  | 7,331 |  |  |  | 7,331 |  |
0.50% Finisar Convertible Notes |  |  | 190 |  |  |  | - |  |
Total anti-dilutive shares |  |  | 9,557 |  |  |  | 7,442 |  |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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