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EARNINGS PER SHARE
 12 Months Ended
Jun. 30, 2019
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,

 

 

 

2019

 

 

2018

 

 

2017

 

Net income

 

$

265,604

 

 

$

301,171

 

 

$

163,671

 

Weighted-average number of basic shares outstanding

   during the period

 

 

24,833

 

 

 

24,616

 

 

 

24,401

 

Dilutive effect of RSUs after application of treasury stock method

 

 

562

 

 

 

639

 

 

 

668

 

Weighted-average number of diluted shares outstanding

   during the period

 

 

25,395

 

 

 

25,255

 

 

 

25,069

 

Basic earnings per share

 

$

10.70

 

 

$

12.23

 

 

$

6.71

 

Diluted earnings per share

 

$

10.46

 

 

$

11.93

 

 

$

6.53

 

 

The calculation of diluted earnings per share for the year ended June 30, 2019 includes the shares underlying the performance-based RSUs granted in October 2018, September 2017 and September 2016.