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EARNINGS PER SHARE (Tables)
12 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Calculation of basic and diluted 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,

 

 

 

2020

 

 

2019

 

 

2018

 

Net income

 

$

321,480

 

 

$

265,604

 

 

$

301,171

 

Weighted-average number of basic shares outstanding

   during the period

 

 

25,031

 

 

 

24,833

 

 

 

24,616

 

Dilutive effect of RSUs after application of treasury stock method

 

 

454

 

 

 

562

 

 

 

639

 

Weighted-average number of diluted shares outstanding

   during the period

 

 

25,485

 

 

 

25,395

 

 

 

25,255

 

Basic earnings per share

 

$

12.84

 

 

$

10.70

 

 

$

12.23

 

Diluted earnings per share

 

$

12.61

 

 

$

10.46

 

 

$

11.93