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Earnings Per Share
 9 Months Ended
Mar. 31, 2015
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
 
Nine months ended
 
March 31,
 
March 31,
 
2015
 
2014
 
2015
 
2014
 
(in thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
Net Income
$
12,943

 
$
16,949

 
$
48,972

 
$
54,684

Denominator:
 
 
 
 
 
 
 
Weighted-average shares, basic
28,646

 
28,502

 
28,590

 
28,275

Dilutive effect of share-based payments
209

 
228

 
235

 
273

Weighted-average shares, diluted
28,855

 
28,730

 
28,825

 
28,548

 
 
 
 
 
 
 
 
Net income per common share, basic
$
0.45

 
$
0.59

 
$
1.71

 
$
1.93

Net income per common share, diluted
$
0.45

 
$
0.59

 
$
1.70

 
$
1.92



For the quarter and nine months ended March 31, 2015, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 426,045 and 339,510, respectively. For the quarter and nine months ended March 31, 2014, there were 275,635 and 203,384 weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.