Earnings Per Share

9 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share are computed by dividing net income by the weighted-average number of common and potential common shares outstanding.

	Quarter ended				Nine months ended
	March 31,				March 31,
	2013		2012		2013		2012
	(in thousands, except per share data)
Numerator:
Net Income	$	13,978	$	14,756	$	47,977	$	54,503
Denominator:
Weighted-average shares, basic	27,847		27,489		27,725		27,290
Dilutive effect of share-based payments	177		437		235		419
Weighted-average shares, diluted	28,024		27,926		27,960		27,709
Net income per common share, basic	$	0.50	$	0.54	$	1.73	$	2.00
Net income per common share, diluted	$	0.50	$	0.53	$	1.72	$	1.97

For the quarter and nine months ended March 31, 2013, there were 1,119,940 and 1,097,610 weighted average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive. For the quarter and nine months ended March 31, 2012, there were 260,901 and 597,872 weighted average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.