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Earnings Per Share
3 Months Ended
Sep. 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.

 

     Net
Income		      Shares      Per
Share
Amount		  
     (in thousands, except per share data)  

Quarter ended September 30, 2011:

   

Income per common share, basic

    $ 18,380         27,138       $ 0.68   
        

 

 

  

Effect of dilutive stock options

      —           413      
  

 

 

     

 

 

     

Income per common share, diluted

    $ 18,380         27,551       $ 0.67   
  

 

 

     

 

 

     

 

 

  
     Net
Income		      Shares      Per Share
Amount		  
     (in thousands, except per share data)  

Quarter ended September 30, 2010:

         

Income per common share, basic

    $ 15,708         26,713       $ 0.59   
        

 

 

  

Effect of dilutive stock options

      —           279      
  

 

 

     

 

 

     

Income per common share, diluted

    $ 15,708         26,992       $ 0.58   
  

 

 

     

 

 

     

 

 

  

For the quarters ended September 30, 2011 and 2010, there were 692,856 and 1,318,435 weighted average shares outstanding, respectively, that are excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.