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Earnings Per Share | 6 Months Ended
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Dec. 31, 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 |  | Six months ended
| December 31, |  | December 31,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (in thousands, except per share data)
Numerator: |  |  |  |  |  |  |
Net Income | $ | 23,036 |  |  | $ | 20,656 |  |  | $ | 37,852 |  |  | $ | 36,652 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares, basic | 25,146 |  |  | 26,648 |  |  | 25,334 |  |  | 27,175 |
Dilutive effect of share-based payments | 139 |  |  | 254 |  |  | 156 |  |  | 252 |
Weighted-average shares, diluted | 25,285 |  |  | 26,902 |  |  | 25,490 |  |  | 27,427 |
Net income per common share, basic | $ | 0.92 |  |  | $ | 0.78 |  |  | $ | 1.49 |  |  | $ | 1.35 |
Net income per common share, diluted | $ | 0.91 |  |  | $ | 0.77 |  |  | $ | 1.48 |  |  | $ | 1.34 |
For the quarter and six months ended December 31, 2016, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 568,955 and 517,845, respectively. For the quarter and six months ended December 31, 2015, there were 488,087 and 457,087, respectively, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.

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