Earnings Per Share

3 Months Ended

Sep. 30, 2016

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:



	Three Months Ended September 30,
	2016		2015 (As Revised)
Numerator:
Net income	$	8,604	$	29,158

Denominator (in thousands):
Basic earnings per share - weighted average shares outstanding during the period	103,468		102,807
Effect of dilutive stock options, unvested restricted stock and unvested restricted share units	738		1,451
Diluted earnings per share - adjusted weighted average shares and assumed conversions	104,206		104,258

Net income per common share:
Basic	$	0.08	$	0.28
Diluted	$	0.08	$	0.28

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.

There were 277 and 102 stock based awards excluded from our diluted earnings per share calculations for the three months ended September 30, 2016 and September 30, 2015, respectively, as such awards were contingently issuable based on market or performance conditions, and such conditions had not been achieved during the respective periods. Additionally, 4 restricted stock awards were excluded from our diluted earnings per share calculation for the three months ended September 30, 2016 as such awards were antidilutive. There were no antidilutive awards excluded from our diluted earnings per share calculation for the three months ended September 30, 2015.