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Earnings per Share | 12 Months Ended
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Jun. 30, 2011
Earnings per Share |
Earnings per Share |
(3) | Earnings per Share
Basic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share are computed by dividing net income by the weighted-average number of common and potential common shares outstanding.
|  |  | 000000000 |  |  |  | 000000000 |  |  |  | 000000000 |
|  | Net Income |  |  | Shares |  |  | Per Share Amount |
|  | (in thousands, except per share data) |
Fiscal Year Ended June 30, 2011: |  |  |  |  |  |  |  |  |  |  |  |
Net income per common share, basic |  | $ | 73,523 |  |  |  | 26,872 |  |  |  | 2.74 |
Effect of dilutive stock options |  |  | - |  |  |  | 374 |  |  |  |  |
Net income per common share, assuming dilution |  | $ | 73,523 |  |  |  | 27,246 |  |  |  | 2.70 |
Fiscal Year Ended June 30, 2010: |  |  |  |  |  |  |  |  |  |  |  |
Net income per common share, basic |  | $ | 48,812 |  |  |  | 26,605 |  |  | $ | 1.83 |
Effect of dilutive stock options |  |  | - |  |  |  | 264 |  |  |  |  |
Net income per common share, assuming dilution |  | $ | 48,812 |  |  |  | 26,869 |  |  | $ | 1.82 |
Fiscal Year Ended June 30, 2009: |  |  |  |  |  |  |  |  |  |  |  |
Net income per common share, basic |  | $ | 47,688 |  |  |  | 26,445 |  |  | $ | 1.80 |
Effect of dilutive stock options |  |  | - |  |  |  | 143 |  |  |  |  |
Net income per common share, assuming dilution |  | $ | 47,688 |  |  |  | 26,588 |  |  | $ | 1.79 |
For the years ended June 30, 2011, 2010 and 2009, there were 947,000, 1,208,000 and 1,474,000 weighted average shares, respectively, excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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