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EARNINGS PER SHARE | 12 Months Ended
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Jun. 30, 2018
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 23. EARNINGS PER SHARE Earnings per share and the weighted-average number of diluted shares are computed as follows (in thousands, except per share data):
|  | Year ended June 30, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Net income |  | $ | 301,171 |  |  | $ | 163,671 |  |  | $ | 142,799 |
Weighted-average number of basic shares outstanding during the period |  |  | 24,616 |  |  |  | 24,401 |  |  |  | 24,262 |
Dilutive effect of SSARs/stock options and RSUs/restricted shares after application of treasury stock method |  |  | 639 |  |  |  | 668 |  |  |  | 540 |
Weighted-average number of diluted shares outstanding during the period |  |  | 25,255 |  |  |  | 25,069 |  |  |  | 24,802 |
Basic earnings per share |  | $ | 12.23 |  |  | $ | 6.71 |  |  | $ | 5.89 |
Diluted earnings per share |  | $ | 11.93 |  |  | $ | 6.53 |  |  | $ | 5.76 |
There were no anti-dilutive common stock equivalents for the years ended June 30, 2018, 2017, and 2016 because the Company’s average stock price exceeded the exercise price of all shares outstanding. The calculation of diluted earnings per share for the year ended June 30, 2018 includes the shares underlying the performance-based RSUs granted in September 2017, September 2016 and September 2015.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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