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Earnings Per Share (Tables)
6 Months Ended
Dec. 31, 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 December 31,

 

 

 

2016

 

 

2015

 

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator for Basic and Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

99,449

 

 

$

99,449

 

 

$

113,187

 

 

$

113,187

 

Net income attributable to non-controlling interest

 

 

-

 

 

 

-

 

 

 

289

 

 

 

289

 

Net income attributable to Harman International Industries,

   Incorporated

 

$

99,449

 

 

$

99,449

 

 

$

112,898

 

 

$

112,898

 

Denominator for Basic and Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

70,986

 

 

 

70,986

 

 

 

72,079

 

 

 

72,079

 

Employee stock options

 

 

-

 

 

 

726

 

 

 

-

 

 

 

751

 

Total weighted average shares outstanding

 

 

70,986

 

 

 

71,712

 

 

 

72,079

 

 

 

72,830

 

Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

$

1.40

 

 

$

1.39

 

 

$

1.57

 

 

$

1.55

 

 

 

 

Six Months Ended December 31,

 

 

 

2016

 

 

2015

 

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator for Basic and Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

202,566

 

 

$

202,566

 

 

$

200,703

 

 

$

200,703

 

Net income attributable to noncontrolling interest

 

 

-

 

 

 

-

 

 

 

707

 

 

 

707

 

Net income attributable to Harman International Industries,

   Incorporated

 

$

202,566

 

 

$

202,566

 

 

$

199,996

 

 

$

199,996

 

Denominator for Basic and Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

70,938

 

 

 

70,938

 

 

 

72,060

 

 

 

72,060

 

Employee stock options

 

 

-

 

 

 

572

 

 

 

-

 

 

 

489

 

Total weighted average shares outstanding

 

 

70,938

 

 

 

71,510

 

 

 

72,060

 

 

 

72,549

 

Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

$

2.86

 

 

$

2.83

 

 

$

2.78

 

 

$

2.76