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Earnings Per Share
 3 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

Note  10.

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 exercises 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 877,000 and 304,000 for the three months ended September 30, 2014 and 2013, respectively ($000 except per share data):

 

 

 

 

Three Months Ended

 

 

September 30,

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

$

12,302

 

 

$

9,692

 

Earnings from discontinued operation

 

-

 

 

 

2

 

Net earnings

$

12,302

 

 

$

9,694

 

Divided by:

 

 

 

 

 

 

 

Weighted average shares

 

61,508

 

 

 

62,379

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

 

 

Continuing operations

$

0.20

 

 

$

0.16

 

Discontinued operation

$

-

 

 

$

-

 

Consolidated

$

0.20

 

 

$

0.16

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

$

12,302

 

 

$

9,692

 

Earnings from discontinued operation

 

-

 

 

 

2

 

Net earnings

$

12,302

 

 

$

9,694

 

Divided by:

 

 

 

 

 

 

 

Weighted average shares

 

61,508

 

 

 

62,379

 

Dilutive effect of common stock equivalents

 

1,281

 

 

 

1,568

 

Diluted weighted average common shares

 

62,789

 

 

 

63,947

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

Continuing operations

$

0.20

 

 

$

0.15

 

Discontinued operation

$

-

 

 

$

-

 

Consolidated

$

0.20

 

 

$

0.15