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Earnings Per Share
 3 Months Ended
Sep. 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.
 
Quarter ended
 
September 30,
 
2014
 
2013
 
(in thousands, except per share data)
Numerator:
 
 
 
Net Income
$
19,208

 
$
19,437

Denominator:
 
 
 
Weighted-average shares, basic
28,544

 
28,034

Dilutive effect of share-based payments
250

 
223

Weighted-average shares, diluted
28,794

 
28,257

 
 
 
 
Net income per common share, basic
$
0.67

 
$
0.69

Net income per common share, diluted
$
0.67

 
$
0.69



For the quarter ended September 30, 2014, weighted average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 227,720. For the quarter ended September 30, 2013, there were 751,435 weighted average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive.