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Earnings Per Share | 3 Months Ended
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Sep. 30, 2016
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,
| 2016 |  | 2015
| (in thousands, except per share data)
Numerator: |  |  |
Net Income | $ | 14,816 |  |  | $ | 15,996 |
Denominator: |  |  |
Weighted-average shares, basic | 25,523 |  |  | 27,702 |
Dilutive effect of share-based payments | 239 |  |  | 227 |
Weighted-average shares, diluted | 25,762 |  |  | 27,929 |
Net income per common share, basic | $ | 0.58 |  |  | $ | 0.58 |
Net income per common share, diluted | $ | 0.58 |  |  | $ | 0.57 |
For the quarter ended September 30, 2016, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 421,328. For the quarter ended September 30, 2015, there were 587,728 weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.

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