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Net Income Per Common Share (Tables)

6 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Computation of basic and diluted net income per 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

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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