XML 30 R21.htm IDEA: XBRL DOCUMENT v3.23.3
Earnings Per Share
 3 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHAREBasic earnings per share is computed using the weighted average number of shares outstanding during the period, while diluted earnings per share is calculated to reflect the potential dilution that would occur related to the issuance of capital stock under stock option grants, performance awards and restricted stock units. The difference between basic and diluted earnings per share relates solely to the effect of capital stock options, performance awards and restricted stock units.
The following table provides the computation of diluted shares outstanding for the three months ended September 30, 2023 and 2022:
Three Months Ended September 30,
(in thousands)20232022
Weighted-average shares outstanding during the period
80,025 81,544 
Add: Unexercised stock options and unvested restricted stock units674 621 
Number of shares on which diluted earnings per share is calculated
80,699 82,165 
Unexercised stock options with an exercise price greater than the average market price and restricted stock units not included in the computation because they were anti-dilutive390 1,249