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Earnings Per Share | 9 Months Ended
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Mar. 31, 2017
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,
| 2017 |  | 2016 |  | 2017 |  | 2016
| (in thousands, except per share data)
Numerator: |  |  |  |  |  |  |
Net Income | $ | 12,424 |  |  | $ | 14,042 |  |  | $ | 50,276 |  |  | $ | 50,694 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares, basic | 25,262 |  |  | 25,863 |  |  | 25,311 |  |  | 26,741 |
Dilutive effect of share-based payments | 138 |  |  | 104 |  |  | 147 |  |  | 167 |
Weighted-average shares, diluted | 25,400 |  |  | 25,967 |  |  | 25,458 |  |  | 26,908 |
Net income per common share, basic | $ | 0.49 |  |  | $ | 0.54 |  |  | $ | 1.99 |  |  | $ | 1.90 |
Net income per common share, diluted | $ | 0.49 |  |  | $ | 0.54 |  |  | $ | 1.97 |  |  | $ | 1.88 |
For the quarter and nine months ended March 31, 2017, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 442,001 and 454,006, respectively. For the quarter and nine months ended March 31, 2016, there were 868,211 and 835,055, 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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