Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 12 Months Ended
Jun. 30, 2014
Earnings Per Share

K. 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,  
     2014      2013      2012  

Net earnings used for basic and diluted earnings per share

    $ 110,948       $ 112,561       $ 112,331   
  

 

 

     

 

 

     

 

 

  

Weighted average shares used in basic computation

      36,890         36,836         36,939   

Dilutive stock options

      115         64         67   
  

 

 

     

 

 

     

 

 

  

Weighted average shares used in diluted computation

      37,005         36,900         37,006   
  

 

 

     

 

 

     

 

 

  

Basic EPS

    $ 3.01       $ 3.06       $ 3.04   

Diluted EPS

    $ 3.00       $ 3.05       $ 3.04   

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 196,000, 329,000 and 94,000 at June 30, 2014, 2013 and 2012, respectively.