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Earnings Per Share | 3 Months Ended
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Sep. 30, 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
| September 30,
| 2015 |  | 2014
| (in thousands, except per share data)
Numerator: |  |  |
Net Income | $ | 15,996 |  |  | $ | 19,208 |
Denominator: |  |  |
Weighted-average shares, basic | 27,702 |  |  | 28,544 |
Dilutive effect of share-based payments | 227 |  |  | 250 |
Weighted-average shares, diluted | 27,929 |  |  | 28,794 |
Net income per common share, basic | $ | 0.58 |  |  | $ | 0.67 |
Net income per common share, diluted | $ | 0.57 |  |  | $ | 0.67 |
For the quarter ended September 30, 2015, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 587,728. For the quarter ended September 30, 2014, there were 227,720 weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.

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