Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share
3 Months Ended
Sep. 30, 2013
Earnings Per Share

G. Earnings Per Share:

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


     Quarter Ended
September 30,
     2013      2012  

Weighted average common shares outstanding-basic

     36,842         36,828   

Dilutive effect of stock options

     86         67   







Weighted average common shares outstanding-diluted

     36,928         36,895   







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 223,000 and 199,000 for the quarters ended September 30, 2013 and 2012, respectively.