XML 31 R21.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Earnings Per Share
 9 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic 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 and nine months ended March 31, 2024 and 2023:
Three Months Ended March 31,Nine Months Ended March 31,
(in thousands)2024202320242023
Weighted-average shares outstanding during the period
79,229 80,611 79,655 80,967 
Add: Unexercised stock options and unvested restricted stock units620 670 542 558 
Number of shares on which diluted earnings per share is calculated
79,849 81,281 80,197 81,525 
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-dilutive349 453 420 646