Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Earnings Per Share

v3.19.1
Note 8 - Earnings Per Share
9 Months Ended
Mar. 31, 2019
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
   
Nine
Months Ended
 
   
March
31,
   
March
31,
 
   
201
9
   
201
8
   
201
9
   
201
8
 
Earnings per share – basic:
                               
Net income
  $
44,654
    $
19,738
    $
79,612
    $
84,449
 
Income allocated to participating securities
   
(35
)
   
(18
)
   
(66
)
   
(70
)
Income available to common shareholders
  $
44,619
    $
19,720
    $
79,546
    $
84,379
 
Weighted-average shares outstanding – basic
   
37,772
     
37,503
     
37,745
     
37,450
 
Earnings per share – basic
  $
1.18
    $
0.53
    $
2.11
    $
2.25
 
                                 
Earnings per share – diluted:
                               
Net income
  $
44,654
    $
19,738
    $
79,612
    $
84,449
 
Income allocated to participating securities
   
(35
)
   
(18
)
   
(66
)
   
(70
)
Income available to common shareholders
  $
44,619
    $
19,720
    $
79,546
    $
84,379
 
Weighted-average shares outstanding – basic
   
37,772
     
37,503
     
37,745
     
37,450
 
Dilutive effect of stock options and restricted stock units
   
1,089
     
639
     
1,068
     
483
 
Weighted-average common shares outstanding – diluted
   
38,861
     
38,142
     
38,813
     
37,933
 
Earnings per share – diluted
  $
1.15
    $
0.52
    $
2.05
    $
2.22
 
 
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 dilutiv
e option shares excluded from the calculation was
1.3
 million and
1.1
million for the quarter ended
March 31, 2019
and
2018,
respectively and
1.3
 million and
1.6
million for the
nine
months ended
March 31, 2019
and
2018,
respectively.