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Earnings Per Share
 9 Months Ended
Mar. 31, 2014
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,
 
2014
 
2013
 
2014
 
2013
 
(in thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
Net Income
$
16,949

 
$
13,978

 
$
54,684

 
$
47,977

Denominator:
 
 
 
 
 
 
 
Weighted-average shares, basic
28,502

 
27,847

 
28,275

 
27,725

Dilutive effect of share-based payments
228

 
177

 
273

 
235

Weighted-average shares, diluted
28,730

 
28,024

 
28,548

 
27,960

 
 
 
 
 
 
 
 
Net income per common share, basic
$
0.59

 
$
0.50

 
$
1.93

 
$
1.73

Net income per common share, diluted
$
0.59

 
$
0.50

 
$
1.92

 
$
1.72



For the quarter and nine months ended March 31, 2014, weighted average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 275,635 and 203,384, respectively. 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.