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Earnings Per Share
 9 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
 
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
41,829

 
$
24,819

 
$
93,860

 
$
58,539

Loss from discontinued operations, net of tax
(1,114
)
 
(712
)
 
(5,137
)
 
(2,704
)
Net income
$
40,715

 
$
24,107

 
$
88,723

 
$
55,835

 
 
 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average shares outstanding during the period
46,508

 
44,506

 
45,822

 
44,198

Effect of dilutive stock options, unvested restricted stock and unvested restricted share units
1,313

 
1,483

 
1,426

 
1,468

Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions
47,821

 
45,989

 
47,248

 
45,666

 
 
 
 
 
 
 
 
Basic net income/(loss) per common share:
 
 
 
 


 


  From continuing operations
$
0.90

 
$
0.56

 
$
2.05

 
$
1.32

  From discontinued operations
(0.02
)
 
(0.02
)
 
(0.11
)
 
(0.06
)
Net income per common share - basic
$
0.88

 
$
0.54

 
$
1.94

 
$
1.26

 
 
 
 
 
 
 
 
Diluted net income/(loss) per common share:
 
 
 
 
 
 
 
  From continuing operations
$
0.87

 
$
0.54

 
$
1.99

 
$
1.28

  From discontinued operations
(0.02
)
 
(0.02
)
 
(0.11
)
 
(0.06
)
Net income per common share - diluted
$
0.85

 
$
0.52

 
$
1.88

 
$
1.22



Basic earnings per share excludes the dilutive effects of stock options, unvested restricted stock and unvested restricted share units. Diluted earnings per share includes only the dilutive effects of common stock equivalents such as stock options and unvested restricted stock awards. The Company used income from continuing operations as the control number in determining whether potential common shares were dilutive or anti-dilutive. The same number of potential common shares used in computing the diluted per share amount from continuing operations was also used in computing the diluted per share amounts from discontinued operations even if those amounts were anti-dilutive.

Restricted stock awards totaling 350,000 were excluded from our diluted earnings per share calculations for the three and nine months ended March 31, 2013 as such awards are contingently issuable based on market or performance conditions and such conditions have not yet been achieved. There were 4,000 and 39,000 anti-dilutive stock options and restricted stock awards for the three and nine months ended March 31, 2012, respectively.