Quarterly report pursuant to Section 13 or 15(d)

Earnings per share

v2.4.0.6
Earnings per share
9 Months Ended
Mar. 31, 2012
Earnings per share

I. Earnings per share:

Shares used in the earnings per share computations are as follows (in thousands):

 

     Quarter Ended      Nine Months Ended  
     March 31,      March 31,  
     2012      2011      2012      2011  

Weighted average common shares outstanding-basic

     36,864         37,119         36,975         37,084   

Dilutive effect of stock options

     66         75         68         69   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding-diluted

     36,930         37,194         37,043         37,153   
  

 

 

    

 

 

    

 

 

    

 

 

 

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 222,000 for both the quarter and nine months ended March 31, 2012, and 69,000 and 70,000 for the quarter and nine months ended March 31, 2011, respectively.