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Earnings per Share
 3 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings per Share
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.

 
Quarter ended
 
September 30,
 
2012
 
2011
 
(in thousands, except per share data)
Numerator:
 
 
 
Net Income
$
17,642

 
$
18,380

Denominator:
 
 
 
Weighted-average shares, basic
27,618

 
27,138

Dilutive effect of share-based payments
283

 
413

Weighted-average shares, diluted
27,901

 
27,551

 
 
 
 
Net income per common share, basic
$
0.64

 
$
0.68

Net income per common share, diluted
$
0.63

 
$
0.67



There were 1,058,235 and 692,856 weighted average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive for the quarters ended September 30, 2012 and 2011.