Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Earnings Per Share

v3.10.0.1
Note 8 - Earnings Per Share
6 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note
8
.
Earnings
Per
Share:
 
The following table reflects the calculation of basic and diluted earnings per share (in thousands, except per share amounts):
 
   
Quarter Ended
   
Six Months
Ended
 
   
December 31,
   
December 31,
 
   
2018
   
2017
   
2018
   
2017
 
Earnings per share – basic:
                               
Net income
  $
17,556
    $
48,847
    $
34,958
    $
64,710
 
Income allocated to participating securities
   
(18
)    
(41
)
   
(34
)    
(50
)
Income available to common shareholders
  $
17,538
    $
48,806
    $
34,924
    $
64,660
 
Weighted-average shares outstanding – basic
   
37,766
     
37,449
     
37,732
     
37,412
 
Earnings per share – basic
  $
0.46
    $
1.30
    $
0.93
    $
1.73
 
                                 
Earnings per share – diluted:
                               
Net income
  $
17,556
    $
48,847
    $
34,958
    $
64,710
 
Income allocated to participating securities
   
(18
)    
(41
)
   
(34
)    
(50
)
Income available to common shareholders
  $
17,538
    $
48,806
    $
34,924
    $
64,660
 
Weighted-average shares outstanding – basic
   
37,766
     
37,449
     
37,732
     
37,412
 
Dilutive effect of stock options and restricted stock units
   
982
     
477
     
1,050
     
404
 
Weighted-average common shares outstanding – diluted
   
38,748
     
37,926
     
38,782
     
37,816
 
Earnings per share – diluted
  $
0.45
    $
1.29
    $
0.90
    $
1.71
 
 
The dilutive effect of stock options and restricted stock units 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
1.3
 million and
1.6
million for the quarter ended
December 31, 2018
and
2017,
respectively and
1.3
 million and
1
.7
million for the
six
months ended
December 31, 2018
and
2017,
respectively.