Earnings Per Share

6 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

3. 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,
	2011		2010		2011		2010
Numerator:
Net income	$	20,038	$	16,267	$	31,728	$	25,362
Denominator (in thousands):
Denominator for basic earnings per share - weighted average shares outstanding during the period		44,158		42,929		44,044		42,876
Effect of dilutive stock options and unvested restricted stock		1,494		1,405		1,460		1,250
Denominator for diluted earnings per share - adjusted weighted average shares and assumed conversions		45,652		44,334		45,504		44,126
Basic net income per share	$	0.45	$	0.38	$	0.72	$	0.59
Diluted net income per share	$	0.44	$	0.37	$	0.70	$	0.57

Basic earnings per share excludes the dilutive effects of stock options and unvested restricted stock. Diluted earnings per share includes only the dilutive effects of common stock equivalents such as stock options and unvested restricted stock awards. Anti-dilutive stock options, restricted stock and restricted stock units totaling 113 and 653 for the three months and 57 and 954 for the six months ended December 31, 2011 and 2010, respectively, were excluded from our earnings per share calculations.