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Earnings Per Share
 9 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
38,018

 
$
41,829

 
$
105,756

 
$
93,860

Income/(loss) from discontinued operations, net of tax
(2,777
)
 
(1,114
)
 
(1,629
)
 
(5,137
)
Net income
$
35,241

 
$
40,715

 
$
104,127

 
$
88,723

 
 
 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average shares outstanding during the period
49,695

 
46,508

 
48,473

 
45,822

Effect of dilutive stock options, unvested restricted stock and unvested restricted share units
1,056

 
1,313

 
1,150

 
1,426

Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions
50,751

 
47,821

 
49,623

 
47,248

 
 
 
 
 
 
 
 
Basic net income per common share:


 


 
 
 
 
  From continuing operations
$
0.77

 
$
0.90

 
$
2.18

 
$
2.05

  From discontinued operations
(0.06
)
 
(0.02
)
 
(0.03
)
 
(0.11
)
Net income per common share - basic
$
0.71

 
$
0.88

 
$
2.15

 
$
1.94

 
 
 
 
 
 
 
 
Diluted net income per common share:
 
 
 
 
 
 
 
  From continuing operations
$
0.75

 
$
0.87

 
$
2.13

 
$
1.99

  From discontinued operations
(0.06
)
 
(0.02
)
 
(0.03
)
 
(0.11
)
Net income per common share - diluted
$
0.69

 
$
0.85

 
$
2.10

 
$
1.88



Note: The sum of our quarterly net income per share amounts may not equal the year-to-date amounts, as presented, due to rounding.

Basic earnings per share excludes the dilutive effects of stock options, unvested restricted stock and unvested restricted share units. Diluted earnings per share includes the dilutive effects of common stock equivalents such as stock options and unvested restricted stock awards. The Company used income from continuing operations as the control number in determining whether potential common shares were dilutive or anti-dilutive. The same number of potential common shares used in computing the diluted per share amount from continuing operations was also used in computing the diluted per share amounts from discontinued operations even if those amounts were anti-dilutive.

Restricted stock awards totaling 137,340 were excluded from our diluted earnings per share calculations for the three and nine months ended March 31, 2014 as such awards are contingently issuable based on market or performance conditions and such conditions had not been achieved during the respective periods. There were 350,000 such awards excluded from our diluted earnings per share calculations for the three and nine months ended March 31, 2013.