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Earnings per Share
12 Months Ended
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 947,0001,208,000 and 1,474,000 weighted average shares, respectively, excluded from the computation of diluted earnings per share because their effect would have been antidilutive.