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Earnings Per Share (Text Block) | 12 Months Ended
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Jun. 30, 2021
Earnings Per Share, Basic and Diluted [Abstract] |
Earnings Per Share [Text Block] | EARNINGS PER SHARE The following table reflects the reconciliation between basic and diluted earnings per share.
| Year Ended June 30,
| 2021 |  | 2020 |  | 2019
Net Income | $ | 311,469 |  |  | $ | 296,668 |  |  | $ | 271,885 |
Common share information: |  |  |  |  |
Weighted average shares outstanding for basic earnings per share | 75,546 |  |  | 76,787 |  |  | 77,160 |
Dilutive effect of stock options, restricted stock units, and restricted stock | 112 |  |  | 147 |  |  | 187 |
Weighted average shares outstanding for diluted earnings per share | 75,658 |  |  | 76,934 |  |  | 77,347 |
Basic earnings per share | $ | 4.12 |  |  | $ | 3.86 |  |  | $ | 3.52 |
Diluted earnings per share | $ | 4.12 |  |  | $ | 3.86 |  |  | $ | 3.52 |
Per share information is based on the weighted average number of common shares outstanding for each of the fiscal years. Stock options, restricted stock units, and restricted stock have been included in the calculation of earnings per share to the extent they are dilutive. The two-class method for computing EPS has not been applied because no outstanding awards contain non-forfeitable rights to participate in dividends. There were 11 anti-dilutive weighted average shares excluded from the weighted average shares outstanding for diluted earnings per share for fiscal 2021, 2 shares were excluded for fiscal 2020, and no shares were excluded for fiscal 2019.

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