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Net Income Per Common Share | 3 Months Ended
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Sep. 30, 2024
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 months ended September 30, 2024 and 2023 (in thousands, except per share amounts):
| Three Months Ended September 30, |  |
| 2024 |  | 2023 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income - basic | $ | 424,327 |  |  | $ | 156,995 |  |  |  |  |
Convertible Notes interest charge, net of tax | 2,749 |  |  | — |  |  |  |  |
Net income - diluted | $ | 427,076 |  |  | $ | 156,995 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding - basic | 589,558 |  |  | 530,928 |  |  |  |  |
Effect of dilutive Convertible Notes | 12,860 |  |  | — |  |  |  |  |
Effect of dilutive securities | 36,730 |  |  | 40,925 |  |  |  |  |
Weighted-average shares outstanding - diluted | 639,148 |  |  | 571,853 |  |  |  |  |
Net income per common share - basic | $ | 0.72 |  |  | $ | 0.30 |  |  |  |  |
Net income per common share - diluted | $ | 0.67 |  |  | $ | 0.27 |  |  |  |  |
For the three months ended September 30, 2024 and 2023, the Company had stock options and restricted stock units ("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 3,585,934 and 3,377,300 for the three months ended September 30, 2024 and 2023, respectively. Potentially dilutive shares of common stock issuable upon conversion of the Company's outstanding 0.00% Convertible Senior Notes due 2029 (the "2029 Convertible Notes") are determined using the if-converted method. For the three months ended September 30, 2024, all such shares issuable upon conversion of the 2029 Convertible Notes were dilutive.

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