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Note 16. Earnings Per Share
 12 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic and diluted earnings per share were calculated as follows:
(Amounts in thousands, except per share data)
Year Ended June 30
 
2015
 
2014
 
2013
Basic and Diluted Earnings Per Share:
 
 
 
 
 
   Net Income
$
26,205

 
$
24,613

 
$
21,520

Basic weighted average common shares outstanding
29,162

 
29,143

 
29,143

Dilutive effect of average outstanding performance shares
226

 
—

 
—

Dilutive weighted average shares outstanding
29,388

 
29,143

 
29,143

 
 
 
 
 
 
Earnings Per Share of Common Stock:
 
 
 
 
 
Basic
$
0.90

 
$
0.84

 
$
0.74

Diluted
$
0.89

 
$
0.84

 
$
0.74

 
 
 
 
 
 

Basic and diluted earnings per share and the average number of common shares outstanding for the fiscal years ended June 30, 2014 and 2013 were retrospectively restated adjusting the number of Kimball Electronics shares outstanding for the stock split effective on October 16, 2014. See Note 10 - Share Owners’ Equity of Notes to Consolidated Financial Statements for more information regarding the stock split. The same number of shares was used to calculate basic and diluted earnings per share for the fiscal years ended June 30, 2014 and 2013 since no Kimball Electronics stock-based awards were outstanding prior to the spin-off.