Earnings Per Share (Text Block)

12 Months Ended

Jun. 30, 2019

Earnings Per Share, Basic and Diluted [Abstract]

EARNINGS PER SHARE

The following table reflects the reconciliation between basic and diluted earnings per share.



	Year Ended June 30,
	2019		2018		2017
Net Income	$	271,885	$	365,034	$	229,561
Common share information:
Weighted average shares outstanding for basic earnings per share	77,160		77,252		77,856
Dilutive effect of stock options and restricted stock	187		333		399
Weighted average shares outstanding for diluted earnings per share	77,347		77,585		78,255
Basic earnings per share	$	3.52	$	4.73	$	2.95
Diluted earnings per share	$	3.52	$	4.70	$	2.93

Per share information is based on the weighted average number of common shares outstanding for each of the fiscal years. Stock options and restricted stock have been included in the calculation of earnings per share to the extent they are dilutive. The two-class method for computing EPS has not been applied because no outstanding awards contain non-forfeitable rights to participate in dividends. There were no anti-dilutive stock options and restricted stock excluded for fiscal 2019, 41 shares excluded for fiscal 2018, and 32 shares excluded for fiscal 2017.