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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.