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Earnings Per Share
 3 Months Ended
Sep. 30, 2014
Earnings Per Share
(5) Earnings Per Share

Basic earnings per share is computed based on the weighted-average number of shares of the Company’s common stock outstanding. Diluted earnings per share is computed based on the weighted-average number of shares of the Company’s common stock, including the dilutive effect of common stock equivalents outstanding.

The following is a reconciliation of the denominators of the basic and diluted earnings per share computations:

 

     Three months ended  
     September 30,  
(In thousands )    2014      2013  

Denominator:

      

Weighted-average shares outstanding used to compute basic earnings per share

      72,763         79,575   

Effect of dilutive common stock equivalents

      3,323         2,223   
  

 

 

     

 

 

  

Weighted-average shares outstanding and dilutive securities used to compute dilutive earnings per share

      76,086         81,798   
  

 

 

     

 

 

  

Certain outstanding stock options and RSUs were excluded from the computation of diluted earnings per share for the three months ended September 30, 2014 and 2013 because the effect would have been anti-dilutive. These potential dilutive common shares, which may be dilutive to future diluted earnings per share, are as follows:

 

     Three months ended  
     September 30,  
(In thousands)    2014      2013  

Anti-dilutive options and RSUs excluded from EPS computation

      184         5,351