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Earnings Per Share
 9 Months Ended
Mar. 31, 2018
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,
 
2018

2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income from continuing operations
$
25,241

 
$
32,824

 
$
86,984

 
$
67,045

Net (loss) income from discontinued operations, net of tax
(12,555
)
 
(1,496
)
 
(7,349
)
 
72

Net income
$
12,686

 
$
31,328

 
$
79,635

 
$
67,117

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic weighted average shares outstanding
103,918

 
103,687

 
103,821

 
103,584

Effect of dilutive stock options, unvested restricted stock and unvested restricted share units
585

 
559

 
652

 
648

Diluted weighted average shares outstanding
104,503

 
104,246

 
104,473

 
104,232

 
 
 
 
 
 
 
 
Basic net income (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.24

 
$
0.32

 
$
0.84

 
$
0.65

Discontinued operations
(0.12
)
 
(0.01
)
 
(0.07
)
 
—

Basic net income per common share
$
0.12

 
$
0.30

 
$
0.77

 
$
0.65

 
 
 
 
 
 
 
 
Diluted net income (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.24

 
$
0.31

 
$
0.83

 
$
0.64

Discontinued operations
(0.12
)
 
(0.01
)
 
(0.07
)
 
—

Diluted net income per common share
$
0.12

 
$
0.30

 
$
0.76

 
$
0.64



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 559 and 271 stock-based awards excluded from our diluted earnings per share calculations for the three and nine months ended March 31, 2018 and 2017, 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, 5 restricted stock awards were excluded from our diluted earnings per share calculation for the three and nine months ended March 31, 2017 as such awards were antidilutive. Restricted stock awards excluded from our diluted earnings per share calculation for the three and nine months ended March 31, 2018 were de minimis.

Share Repurchase Program

On June 21, 2017, the Company's Board of Directors authorized the repurchase of up to $250,000 of the Company’s issued and outstanding common stock. Repurchases may be made from time to time in the open market, pursuant to pre-set trading plans, in private transactions or otherwise. The authorization does not have a stated expiration date. The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations, including the Company’s historical strategy of pursuing accretive acquisitions. As of March 31, 2018, the Company had not repurchased any shares under this program and had $250,000 of remaining capacity under the share repurchase program.