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Net Income Per Share (Tables)
9 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Schedule of calculations of basic and diluted net income per share and basic and dilutive weighted average shares outstanding
The calculations of basic and diluted net income per share and basic and dilutive weighted average shares outstanding for the three and nine months ended March 31, 2017 and 2016 are as follows:
 
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
 
2017
 
2016
 
2017
 
2016
 
(Dollars and Shares in Thousands, Except per Share Data)
Net income
$
35,834

 
$
33,171

 
$
107,845

 
$
106,625

 
 
 
 
 
 
 
 
Weighted average shares outstanding
75,676

 
83,081

 
77,221

 
83,425

 
 
 
 
 
 
 
 
Dilutive impact from:
 

 
 

 
 

 
 

Share-based payment awards
506

 
292

 
431

 
417

Dilutive weighted average shares outstanding
76,182

 
83,373

 
77,652

 
83,842

 
 
 
 
 
 
 
 
Income per share
 

 
 

 
 

 
 

Basic
$
0.47

 
$
0.40

 
$
1.40

 
$
1.28

Dilutive
$
0.47

 
$
0.40

 
$
1.39

 
$
1.27

Schedule of employee equity awards excluded from the calculation of dilutive weighted average shares outstanding
The following employee equity awards were excluded from the calculation of dilutive weighted average shares outstanding because their effect would be anti-dilutive as of March 31, 2017 and 2016:
 
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
 
2017
 
2016
 
2017
 
2016
 
(Shares in Thousands)
Employee equity awards
43

 
1,250

 
722

 
1,092