Annual report pursuant to Section 13 and 15(d)

Note 11 - Earnings Per Share

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Note 11 - Earnings Per Share
12 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note 11. 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,
 
 
 
201
6
 
 
201
5
 
 
201
4
 
                         
Net earnings used for basic and diluted earnings per share
  $ 104,476     $ 107,735     $ 110,948  
                         
Weighted average shares used in basic computation
    37,194       37,096       36,890  
Dilutive stock options
    132       135       115  
Weighted average shares used in diluted computation
    37,326       37,231       37,005  
                         
Basic EPS
  $ 2.81     $ 2.90     $ 3.01  
Diluted EPS
  $ 2.80     $ 2.89     $ 3.00  
 
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 1.2 million, 516,000 and 196,000 at June 30, 2016, 2015 and 2014, respectively.