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Earnings Per Share
 9 Months Ended
Mar. 31, 2015
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,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
33,394

 
$
38,018

 
$
96,824

 
$
105,756

Discontinued operations
—

 
(2,777
)
 
—

 
(1,629
)
Net income
$
33,394

 
$
35,241

 
$
96,824

 
$
104,127

 
 
 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average shares outstanding during the period
102,252

 
99,390

 
101,401

 
96,946

Effect of dilutive stock options, unvested restricted stock and unvested restricted share units
1,544

 
2,112

 
1,825

 
2,300

Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions
103,796

 
101,502

 
103,226

 
99,246

 
 
 
 
 
 
 
 
Basic net income per common share:


 


 
 
 
 
  From continuing operations
$
0.33

 
$
0.38

 
$
0.95

 
$
1.09

  From discontinued operations
—

 
(0.03
)
 
—

 
(0.02
)
Net income per common share - basic
$
0.33

 
$
0.35

 
$
0.95

 
$
1.07

 
 
 
 
 
 
 
 
Diluted net income per common share:
 
 
 
 
 
 
 
  From continuing operations
$
0.32

 
$
0.37

 
$
0.94

 
$
1.07

  From discontinued operations
—

 
(0.03
)
 
—

 
(0.02
)
Net income per common share - diluted
$
0.32

 
$
0.34

 
$
0.94

 
$
1.05



Note: The sum of the quarterly net income per share amounts may not equal the year-to-date amounts, as presented, due to rounding. Additionally, on December 29, 2014, the Company effected a two-for-one stock split of its 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 107,460 were excluded from our diluted earnings per share calculations for the three and nine months ended March 31, 2015 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 nine months ended March 31, 2014.