Annual report pursuant to Section 13 and 15(d)

Earnings per share

 v2.3.0.11
Earnings per share
 12 Months Ended
Jun. 30, 2011
Earnings per share

L. Earnings per share:

The number of shares used to calculate earnings per share are as follows (in thousands, except per share data):

 

     Year Ended June 30,  
     2011      2010      2009  

Net earnings used for basic and diluted earnings per share

    $ 112,302       $ 109,776       $ 105,242   
  

 

 

     

 

 

     

 

 

  

Weighted average shares used in basic computation

      37,098         37,255         37,802   

Dilutive stock options

      74         92         98   
  

 

 

     

 

 

     

 

 

  

Weighted average shares used in diluted computation

      37,172         37,347         37,900   
  

 

 

     

 

 

     

 

 

  

Basic EPS

    $ 3.03       $ 2.95       $ 2.78   

Diluted EPS

    $ 3.02       $ 2.94       $ 2.78   

The dilutive effect of stock options in the above table excludes all options for which the aggregate exercise proceeds exceeded the average market price for the period. The number of potentially dilutive option shares excluded from the calculation was 77,000, 70,000 and 26,000 at June 30, 2011, 2010 and 2009, respectively.