Earnings per Share

12 Months Ended

Jun. 30, 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.

	Fiscal Year Ended June 30,
	2014		2013		2012
	(in thousands, except per share data)
Numerator:
Net income	$	81,789	34,662		74,288
Denominator:
Weighted-average shares, basic	28,337		27,774		27,362
Dilutive effect of share-based payments	265		220		389
Weighted-average shares, diluted	28,602		27,994		27,751
Net income per common share, basic	$	2.89	$	1.25	$	2.72
Net income per common share, diluted	$	2.86	$	1.24	$	2.68

For the years ended June 30, 2014, 2013 and 2012, weighted average shares outstanding excluded from the computation of diluted earnings per share because their effect would have been antidilutive were 230,706, 1,062,000 and 583,000, respectively.