Annual report pursuant to Section 13 and 15(d)

Earnings per share

v2.4.0.6
Earnings per share
 12 Months Ended
Jun. 30, 2012
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,  
     2012      2011      2010  

Net earnings used for basic and diluted earnings per share

    $ 112,331       $ 112,302       $ 109,776   
  

 

 

     

 

 

     

 

 

  

Weighted average shares used in basic computation

      36,939         37,098         37,255   

Dilutive stock options

      67         74         92   
  

 

 

     

 

 

     

 

 

  

Weighted average shares used in diluted computation

      37,006         37,172         37,347   
  

 

 

     

 

 

     

 

 

  

Basic EPS

    $ 3.04       $ 3.03       $ 2.95   

Diluted EPS

    $ 3.04       $ 3.02       $ 2.94   

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 94,000, 77,000 and 70,000 at June 30, 2012, 2011 and 2010, respectively.