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Earnings per Share
 12 Months Ended
Jun. 30, 2013
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.
 
Fiscal Year Ended June 30,
 
2013
 
2012
 
2011
 
(in thousands, except per share data)
 
 
 
 
 
 
Net income
$
34,662

 
$
74,288

 
$
73,523

 
 
 
 
 
 
Denominator:


 


 
 
Weighted-average shares, basic
27,774

 
27,362

 
26,872

Dilutive effect of share-based payments
220

 
389

 
374

Weighted-average shares, diluted
27,994

 
27,751

 
27,246

 


 


 
 
Net income per common share, basic
$
1.25

 
$
2.72

 
$
2.74

Net income per common share, diluted
$
1.24

 
$
2.68

 
$
2.70



For the years ended June 30, 2013, 2012 and 2011, there were 1,062,000, 583,000 and 947,000 weighted average shares, respectively, excluded from the computation of diluted earnings per share because their effect would have been antidilutive.