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Net Income Per Common Share
3 Months Ended
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,
 20242023
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 - basic589,558 530,928 
Effect of dilutive Convertible Notes
12,860 — 
Effect of dilutive securities36,730 40,925 
Weighted-average shares outstanding - diluted639,148 571,853 
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.