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Net Income Per Common Share
 6 Months Ended
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.