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Earnings Per Share
 6 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
2) 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
 
Six months ended
 
December 31,
 
December 31,
 
2012
 
2011
 
2012
 
2011
 
(in thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
Net Income
$
16,357

 
$
21,367

 
$
33,999

 
$
39,746

Denominator:
 
 
 
 
 
 
 
Weighted-average shares, basic
27,713

 
27,244

 
27,665

 
27,191

Dilutive effect of share-based payments
245

 
430

 
263

 
413

Weighted-average shares, diluted
27,958

 
27,674

 
27,928

 
27,604

 
 
 
 
 
 
 
 
Net income per common share, basic
$
0.59

 
$
0.78

 
$
1.23

 
$
1.46

Net income per common share, diluted
$
0.59

 
$
0.77

 
$
1.22

 
$
1.44



For the quarter and six months ended December 31, 2012, there were 1,159,357 and 1,112,076 weighted average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive. For the quarter and six months ended December 31, 2011, there were 622,247 and 722,315 weighted average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.