Earnings Per Share

3 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per ShareBasic 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,
	2022		2021
	(in thousands, except per share data)
Numerator:
Net income	$	24,042	$	22,073
Denominator:
Weighted-average shares, basic	25,201		25,512
Dilutive effect of share-based payments	250		184
Weighted-average shares, diluted	25,451		25,696
Net income per common share, basic	$	0.95	$	0.87
Net income per common share, diluted	$	0.94	$	0.86

For the quarters ended September 30, 2022 and 2021, weighted-average shares outstanding excluded from the computation of diluted earnings per share because their effect would be anti-dilutive were 1,128,445 and 1,213,398, respectively.