XML 20 R10.htm IDEA: XBRL DOCUMENT v3.19.3
Earnings Per Share
 3 Months Ended
Sep. 30, 2019
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,
 
2019
 
2018
 
(in thousands, except per share data)
Numerator:
 
 
 
Net income
$
11,530

 
$
14,322

Denominator:
 
 
 
Weighted-average shares, basic
25,539

 
25,599

Dilutive effect of share-based payments
78

 
156

Weighted-average shares, diluted
25,617

 
25,755

 
 
 
 
Net income per common share, basic
$
0.45

 
$
0.56

Net income per common share, diluted
$
0.45

 
$
0.56



For the quarters ended September 30, 2019 and 2018, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 916,875 and 423,738, respectively.