Earnings Per Share Earnings Per Share (Text Block)

9 Months Ended

Mar. 31, 2020

EARNINGS PER SHARE

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


	Three Months Ended March 31,						Nine Months Ended March 31,
	2020		2019		2020		2019
Net Income	$	73,855	$	59,252	$	235,323	$	210,892
Common share information:
Weighted average shares outstanding for basic earnings per share	76,683		77,177		76,845		77,194
Dilutive effect of stock options and restricted stock	201		109		117		217
Weighted average shares outstanding for diluted earnings per share	76,884		77,286		76,962		77,411
Basic earnings per share	$	0.96	$	0.77	$	3.06	$	2.73
Diluted earnings per share	$	0.96	$	0.77	$	3.06	$	2.72

Per share information is based on the weighted average number of common shares outstanding for the three and nine months ended March 31, 2020 and 2019. Stock options, restricted stock, and restricted stock units have been included in the calculation of earnings per share to the extent they are dilutive. There were 3 anti-dilutive stock options or restricted stock shares or units excluded for the quarter ended March 31, 2020 and 20 anti-dilutive stock options or restricted stock shares or units excluded for the quarter ended March 31, 2019. There were 48 anti-dilutive stock options or restricted stock shares or units excluded for the nine months ended March 31, 2020 compared to 14 for the nine months ended March 31, 2019.