Earnings Per Share

9 Months Ended

Mar. 31, 2015

(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:


(In thousands)	Three months ended March 31,				Nine months ended March 31,
	2015		2014		2015		2014
Denominator:
Weighted-average shares outstanding used to compute basic earnings per share		70,696		73,821		71,985		76,173
Effect of dilutive common stock equivalents		3,174		2,553		3,137		2,159

Weighted-average shares outstanding and dilutive securities used to compute dilutive earnings per share		73,870		76,374		75,122		78,332

Certain outstanding stock options and RSUs were excluded from the computation of diluted earnings per share for the three and nine months ended March 31, 2015 and 2014 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 March 31,				Nine months ended March 31,
(In thousands)	2015		2014		2015		2014
Anti-dilutive options and RSUs excluded from EPS computation		52		5,300		41		6,978

- Definition

The entire disclosure for earnings per share.

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