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Earnings Per Share
 6 Months Ended
Dec. 31, 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 December 31,
 
Six Months Ended December 31,
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
44,575

 
$
40,083

 
$
63,430

 
$
67,738

Discontinued operations
—

 
1,148

 
—

 
1,148

Net income
$
44,575

 
$
41,231

 
$
63,430

 
$
68,886

 
 
 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average shares outstanding during the period
101,267

 
96,038

 
100,975

 
95,726

Effect of dilutive stock options, unvested restricted stock and unvested restricted share units
1,959

 
2,332

 
1,966

 
2,394

Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions
103,226

 
98,370

 
102,941

 
98,120

 
 
 
 
 
 
 
 
Basic net income per common share:


 


 
 
 
 
  From continuing operations
$
0.44

 
$
0.42

 
$
0.63

 
$
0.71

  From discontinued operations
—

 
0.01

 
—

 
0.01

Net income per common share - basic
$
0.44

 
$
0.43

 
$
0.63

 
$
0.72

 
 
 
 
 
 
 
 
Diluted net income per common share:
 
 
 
 
 
 
 
  From continuing operations
$
0.43

 
$
0.41

 
$
0.62

 
$
0.69

  From discontinued operations
—

 
0.01

 
—

 
0.01

Net income per common share - diluted
$
0.43

 
$
0.42

 
$
0.62

 
$
0.70



Note: The sum of our quarterly net income per share amounts may not equal the year-to-date amounts, as presented, due to rounding. Additionally, on December 29, 2014, we effected a two-for-one stock split of our common stock in the form of a 100% stock dividend to shareholders of record as of December 12, 2014. All share and per share information has been retroactively adjusted to reflect the stock split.

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 108,250 were excluded from our diluted earnings per share calculations for the three and six months ended December 31, 2014 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 274,680 such awards excluded from our diluted earnings per share calculations for the three and six months ended December 31, 2013.