Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v2.4.0.8
Net Income Per Share
 9 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Net Income Per Share
NET INCOME PER SHARE
Basic net income per share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated by using the weighted-average number of common shares outstanding during the period, increased to include the number of additional shares of common stock that would have been outstanding if the shares of common stock underlying the Company’s outstanding dilutive stock options and restricted stock units had been issued. The dilutive effect of outstanding options and restricted stock units is reflected in diluted net income per share by application of the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that is to be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares.
The following table sets forth the computation of basic and diluted net income per share:
(In thousands, except per share amounts)
Three months ended
March 31,
 
Nine months ended
March 31,
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Net income
$
203,581

 
$
166,382

 
$
454,024

 
$
408,379

Denominator:
 
 
 
 
 
 
 
Weighted-average shares-basic, excluding unvested restricted stock units
166,253

 
166,234

 
166,184

 
166,297

Effect of dilutive options and restricted stock units
1,736

 
2,946

 
2,171

 
3,128

Weighted-average shares-diluted
167,989

 
169,180

 
168,355

 
169,425

Basic net income per share
$
1.22

 
$
1.00

 
$
2.73

 
$
2.46

Diluted net income per share
$
1.21

 
$
0.98

 
$
2.70

 
$
2.41

Anti-dilutive securities excluded from the computation of diluted net income per share
—

 
967

 
—

 
1,556


The total amount of dividends paid by the Company during the three months ended March 31, 2014 and 2013 was $74.8 million and $66.6 million, respectively. The total amount of dividends paid by the Company during the nine months ended March 31, 2014 and 2013 was $224.4 million and $199.7 million, respectively.