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Earnings Per Share | 12 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Note 14 – 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, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Net income |  | $ | 366,794 |  |  | $ | 457,443 |  |  | $ | 321,480 |
Weighted-average number of basic shares outstanding during the period |  |  | 23,446 |  |  |  | 24,705 |  |  |  | 25,031 |
Dilutive effect of RSUs after application of treasury stock method |  |  | 231 |  |  |  | 287 |  |  |  | 454 |
Weighted-average number of diluted shares outstanding during the period |  |  | 23,677 |  |  |  | 24,992 |  |  |  | 25,485 |
Basic earnings per share |  | $ | 15.64 |  |  | $ | 18.52 |  |  | $ | 12.84 |
Diluted earnings per share |  | $ | 15.49 |  |  | $ | 18.30 |  |  | $ | 12.61 |
Accelerated Share Repurchase On March 12, 2021, the Company entered into an accelerated share repurchase agreement (ASR Agreement) with JPMorgan Chase Bank, National Association (JPMorgan). Under the ASR Agreement, the Company paid $500.0 million to JPMorgan and received an initial delivery of 1.7 million shares of common stock which became treasury shares. During the year ended June 30, 2022, the ASR Agreement was completed and an additional 0.3 million shares of common stock were received which became treasury shares. In total, 2.0 million shares were repurchased at an average price per share of $253.47.

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