Earnings Per Share Earnings Per Share (Text Block)

6 Months Ended

Dec. 31, 2019

EARNINGS PER SHARE

The following table reflects the reconciliation between basic and diluted earnings per share.



	Three Months Ended December 31,				Six Months Ended December 31,
	2019		2018		2019		2018
Net Income	$	72,098	$	68,089	$	161,468	$	151,640
Common share information:
Weighted average shares outstanding for basic earnings per share	76,879		77,216		76,926		77,202
Dilutive effect of stock options and restricted stock	56		193		75		272
Weighted average shares outstanding for diluted earnings per share	76,935		77,409		77,001		77,474
Basic earnings per share	$	0.94	$	0.88	$	2.10	$	1.96
Diluted earnings per share	$	0.94	$	0.88	$	2.10	$	1.96

Per share information is based on the weighted average number of common shares outstanding for the three and six months ended December 31, 2019 and 2018. Stock options, restricted stock, and restricted stock units have been included in the calculation of earnings per share to the extent they are dilutive. There were 50 anti-dilutive stock options or restricted stock shares or units excluded for the quarter ended December 31, 2019 and 5 anti-dilutive stock options or restricted stock shares or units excluded for the quarter ended December 31, 2018. There were 37 anti-dilutive stock options or restricted stock shares or units excluded for the six months ended December 31, 2019 compared to 1 for the six months ended December 31, 2018.