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Earnings Per Share (Tables)
12 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

The following table sets forth the computation of earnings per share for the periods indicated. Weighted-average shares issuable upon the exercise of stock options that were not included in the calculation were 576,000, 507,000 and 470,000 for the fiscal years ended June 30, 2015, 2014 and 2013, respectively, because they were anti-dilutive.

 

Year Ended June 30,

 

2015

 

 

2014

 

 

2013

 

($000 except per share)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$

65,975

 

 

$

38,316

 

 

$

57,602

 

Earnings (loss) from discontinued operation

 

 

-

 

 

 

133

 

 

 

(6,789

)

Net earnings from continuing operations

 

$

65,975

 

 

$

38,449

 

 

$

50,813

 

Divided by:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

61,219

 

 

 

62,248

 

 

 

62,411

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1.08

 

 

$

0.62

 

 

$

0.92

 

Discontinued operation

 

$

-

 

 

$

-

 

 

$

(0.11

)

Consolidated

 

$

1.08

 

 

$

0.62

 

 

$

0.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$

65,975

 

 

$

38,316

 

 

$

57,602

 

Earnings (loss) from discontinued operation

 

 

-

 

 

 

133

 

 

 

(6,789

)

Net earnings from continuing operations

 

$

65,975

 

 

$

38,449

 

 

$

50,813

 

Divided by:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares

 

 

61,219

 

 

 

62,248

 

 

 

62,411

 

Dilutive effect of common stock equivalents

 

 

1,367

 

 

 

1,438

 

 

 

1,473

 

Diluted weighted average common shares

 

 

62,586

 

 

 

63,686

 

 

 

63,884

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1.05

 

 

$

0.60

 

 

$

0.90

 

Discontinued operation

 

$

-

 

 

$

-

 

 

$

(0.11

)

Consolidated

 

$

1.05

 

 

$

0.60

 

 

$

0.80