XML 78 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 12 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

(4)          Earnings Per Share

 

We compute basic earnings per share by dividing the net income available to common stockholders by the weighted average number of shares of common stock outstanding. For purposes of calculating diluted earnings per share, the denominator includes both the weighted average number of shares of common stock outstanding and the number of dilutive common stock equivalents such as stock options and restricted stock units.

 

The weighted average number of outstanding stock options and restricted stock units not included in the computation of diluted earnings per share were 273,000,  236,000 and 1,336,000 for the years ended June 30, 2014, 2013 and 2012,  respectively, as the effect would have been anti-dilutive.

 

Basic and diluted earnings per share for the years ended June 30, 2014, 2013 and 2012 are calculated as follows (in thousands except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

 

Numerator:

 

 

 

 

 

 

 

 

 

Net Income, used in calculating diluted earnings per share

$
345,273 

 

$
307,133 

 

$
254,850 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 
141,474 

 

 
142,954 

 

 
145,901 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options and restricted stock units

 
2,885 

 

 
3,456 

 

 
3,415 

 

Diluted weighted average shares

 
144,359 

 

 
146,410 

 

 
149,316 

 

Basic earnings per share

$
2.44 

 

$
2.15 

 

$
1.75 

 

Diluted earnings per share

$
2.39 

 

$
2.10 

 

$
1.71