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Earnings Per Share
 6 Months Ended
Dec. 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 December 31,
 
Six Months Ended December 31,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
40,083

 
$
32,243

 
$
67,738

 
$
52,031

Income/(loss) from discontinued operations, net of tax
1,148

 
(621
)
 
1,148

 
(4,023
)
Net income
$
41,231

 
$
31,622

 
$
68,886

 
$
48,008

 
 
 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average shares outstanding during the period
48,019

 
45,942

 
47,863

 
45,480

Effect of dilutive stock options, unvested restricted stock and unvested restricted share units
1,166

 
1,413

 
1,197

 
1,482

Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions
49,185

 
47,355

 
49,060

 
46,962

 
 
 
 
 
 
 
 
Basic net income per common share:


 


 
 
 
 
  From continuing operations
$
0.83

 
$
0.70

 
$
1.42

 
$
1.14

  From discontinued operations
0.03

 
(0.01
)
 
0.02

 
(0.08
)
Net income per common share - basic
$
0.86

 
$
0.69

 
$
1.44

 
$
1.06

 
 
 
 
 
 
 
 
Diluted net income per common share:
 
 
 
 
 
 
 
  From continuing operations
$
0.81

 
$
0.68

 
$
1.38

 
$
1.11

  From discontinued operations
0.03

 
(0.01
)
 
0.02

 
(0.09
)
Net income per common share - diluted
$
0.84

 
$
0.67

 
$
1.40

 
$
1.02



Note: The sum of our quarterly net income per share amounts may not equal the year-to-date amounts, as presented, due to rounding.

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 137,340 were excluded from our diluted earnings per share calculations for the three and six months ended December 31, 2013 as such awards are contingently issuable based on market or performance conditions and such conditions had not been achieved during the respective periods. There were 351,000 such awards excluded from our diluted earnings per share calculations for the three and six months ended December 31, 2012.