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Earnings Per Share (Text Block)
12 Months Ended
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,
 202120202019
Net Income$311,469 $296,668 $271,885 
Common share information:
Weighted average shares outstanding for basic earnings per share75,546 76,787 77,160 
Dilutive effect of stock options, restricted stock units, and restricted stock112 147 187 
Weighted average shares outstanding for diluted earnings per share75,658 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.