EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

Basic EPS excludes dilution and is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted to common stock that would then share in our earnings.

The following table presents the calculation of basic and diluted EPS:

	At June 30,
(Dollars in thousands, except per share data)	2013			2012			2011
Earnings Per Common Share
Net income	$	40,291		$	29,476		$	20,579
Preferred stock dividends	(835		)	(1,271		)	(309		)
Net income attributable to common shareholders	$	39,456		$	28,205		$	20,270
Average common shares issued and outstanding	12,758,381			11,034,890			10,307,019
Average unvested restricted stock grant and RSU shares	398,265			454,300			456,552
Total qualifying shares	13,156,646			11,489,190			10,763,571
Earnings per common share	$	3.00		$	2.45		$	1.88
Diluted Earnings Per Common Share
Net income attributable to common shareholders	$	39,456		$	28,205		$	20,270
Preferred stock dividends to dilutive convertible preferred	533			955			—
Dilutive net income attributable to common shareholders	$	39,989		$	29,160		$	20,270
Average common shares issued and outstanding	13,156,646			11,489,190			10,763,571
Dilutive effect of stock options	88,519			61,266			93,899
Dilutive effect of convertible preferred stock	574,247			938,099			—
Total dilutive common shares issued and outstanding	13,819,412			12,488,555			10,857,470
Diluted earnings per common share	$	2.89		$	2.33		$	1.87