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Earnings Per Share (Tables)
3 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings per Share of Common Stock Outstanding

The following table presents the calculation of basic and diluted earnings per share of common stock outstanding:

 

 

 

Three Months Ended September 30,

 

 

 

2016

 

 

2015

 

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator for Basic and Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

103,117

 

 

$

103,117

 

 

$

87,517

 

 

$

87,517

 

Net income attributable to non-controlling interest

 

 

-

 

 

 

-

 

 

 

418

 

 

 

418

 

Net income attributable to Harman International Industries,

   Incorporated

 

$

103,117

 

 

$

103,117

 

 

$

87,099

 

 

$

87,099

 

Denominator for Basic and Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

70,889

 

 

 

70,889

 

 

 

72,032

 

 

 

72,032

 

Employee stock options

 

 

-

 

 

 

469

 

 

 

-

 

 

 

524

 

Total weighted average shares outstanding

 

 

70,889

 

 

 

71,358

 

 

 

72,032

 

 

 

72,556

 

Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

$

1.45

 

 

$

1.45

 

 

$

1.21

 

 

$

1.20