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Earnings Per Share | 6 Months Ended
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Dec. 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 |  | Six months ended
| December 31, |  | December 31,
| 2015 |  | 2014 |  | 2015 |  | 2014
| (in thousands, except per share data)
Numerator: |  |  |  |  |  |  |
Net Income | $ | 20,656 |  |  | $ | 16,821 |  |  | $ | 36,652 |  |  | $ | 36,029 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares, basic | 26,648 |  |  | 28,579 |  |  | 27,175 |  |  | 28,562 |
Dilutive effect of share-based payments | 254 |  |  | 252 |  |  | 252 |  |  | 251 |
Weighted-average shares, diluted | 26,902 |  |  | 28,831 |  |  | 27,427 |  |  | 28,813 |
Net income per common share, basic | $ | 0.78 |  |  | $ | 0.59 |  |  | $ | 1.35 |  |  | $ | 1.26 |
Net income per common share, diluted | $ | 0.77 |  |  | $ | 0.58 |  |  | $ | 1.34 |  |  | $ | 1.25 |
For the quarter and six months ended December 31, 2015, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 488,087 and 457,087, respectively. For the quarter and six months ended December 31, 2014, there were 319,508 and 273,549 weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.

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