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Earnings Per Share
 3 Months Ended
Sep. 30, 2014
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 September 30,
 
2014
 
2013
Numerator:
 
 
 
Income from continuing operations
$
18,855

 
$
27,655

Discontinued operations
—

 
—

Net income
$
18,855

 
$
27,655

 
 
 
 
Denominator (in thousands):
 
 
 
Denominator for basic earnings per share - weighted average shares outstanding during the period
50,341

 
47,706

Effect of dilutive stock options, unvested restricted stock and unvested restricted share units
987

 
1,228

Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions
51,328

 
48,934

 
 
 
 
Basic net income per common share:


 


  From continuing operations
$
0.37

 
$
0.58

  From discontinued operations
—

 
—

Net income per common share - basic
$
0.37

 
$
0.58

 
 
 
 
Diluted net income per common share:
 
 
 
  From continuing operations
$
0.37

 
$
0.57

  From discontinued operations
—

 
—

Net income per common share - diluted
$
0.37

 
$
0.57



Basic earnings per share excludes the dilutive effects of stock options, unvested restricted stock and unvested restricted share units. Diluted earnings per share includes 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 100,000 and 205,187 were excluded from the diluted earnings per share calculations for the three months ended September 30, 2014 and 2013, respectively, as such awards are contingently issuable based on market or performance conditions and such conditions had not been achieved during the respective periods.