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Earnings Per Share (Tables)
9 Months Ended
Mar. 31, 2013
Computation of Earnings Per Share

The following table sets forth the computation of earnings per share attributable to II-VI Incorporated for the periods indicated. Weighted average shares issuable upon the exercise of stock options and the release of performance and restricted shares that were not included in the calculation because they were anti-dilutive were approximately 410,000 and 429,000, respectively, for the three and nine months ended March 31, 2013 and were 74,000 and 180,000, respectively, for the three and nine months ended March 31, 2012 ($000 except per share data):

 

     Three Months Ended
March 31,
     Nine Months Ended
March 31,
 
     2013      2012      2013      2012  

Net earnings attributable to II-VI Incorporated

   $ 15,869       $ 13,994       $ 40,787       $ 45,860   

Divided by:

           

Weighted average shares

     62,130         62,855         62,482         62,752   

Basic earnings attributable to II-VI Incorporated per common share

   $ 0.26       $ 0.22       $ 0.65       $ 0.73   

Net earnings attributable to II-VI Incorporated

   $ 15,869       $ 13,994       $ 40,787       $ 45,860   

Divided by:

           

Weighted average shares

     62,130         62,855         62,482         62,752   

Dilutive effect of common stock equivalents

     1,594         1,773         1,483         1,562   

Diluted weighted average common shares

     63,724         64,628         63,965         64,314   

Diluted earnings attributable to II-VI Incorporated per common share

   $ 0.25       $ 0.22       $ 0.64       $ 0.71