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Net Income Per Common Share | 6 Months Ended
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Dec. 31, 2019
Earnings Per Share [Abstract] |
Net Income Per Common Share | Net Income Per Common Share The following table shows the computation of basic and diluted net income per common share for the three and six months ended December 31, 2019 and 2018 (in thousands, except per share amounts):
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
Numerator: |  |  |  |  |  |  |
Net income | $ | 23,706 |  |  | $ | 18,220 |  |  | $ | 50,051 |  |  | $ | 37,562 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding | 50,181 |  |  | 49,844 |  |  | 50,129 |  |  | 49,774 |
Effect of dilutive securities | 1,828 |  |  | 966 |  |  | 1,629 |  |  | 1,734 |
Weighted-average diluted shares | 52,009 |  |  | 50,810 |  |  | 51,758 |  |  | 51,508 |
Basic net income per common share | $ | 0.47 |  |  | $ | 0.37 |  |  | $ | 1.00 |  |  | $ | 0.75 |
Diluted net income per common share | $ | 0.46 |  |  | $ | 0.36 |  |  | $ | 0.97 |  |  | $ | 0.73 |
For the three and six months ended December 31, 2019 and 2018, the Company had stock options and RSUs outstanding that could potentially dilute basic earnings per share in the future, but were excluded from the computation of diluted net income per share in the periods presented, as their effect would have been anti-dilutive. The anti-dilutive common share equivalents resulting from outstanding equity awards were 2,501,684 and 3,171,619 for three and six months ended December 31, 2019, respectively, and 5,785,490 and 4,385,154 for the three and six months ended December 31, 2018, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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