Annual report pursuant to Section 13 and 15(d)

Note 11 - Earnings Per Share

Note 11 - Earnings Per Share

12 Months Ended

Jun. 30, 2016

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.