Earnings per Share

12 Months Ended

Jun. 30, 2015

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,
	2015		2014		2013
	(in thousands, except per share data)
Numerator:
Net income	$	65,419	81,789		34,662

Denominator:
Weighted-average shares, basic	28,558		28,337		27,774
Dilutive effect of share-based payments	241		265		220
Weighted-average shares, diluted	28,799		28,602		27,994

Net income per common share, basic	$	2.29	$	2.89	$	1.25
Net income per common share, diluted	$	2.27	$	2.86	$	1.24

For the years ended June 30, 2015, 2014 and 2013, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would have been antidilutive were 340,697, 230,706 and 1,062,000, respectively.