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NET INCOME PER SHARE | 9 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
NET INCOME PER SHARE | NET INCOME PER SHARE Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed using the treasury stock method, for dilutive stock options, and restricted stock units. The following table reconciles the inputs to the basic and diluted computations for net income per share.
| Three Months Ended |  | Nine Months Ended
| March 31, 2024 |  | March 26, 2023 |  | March 31, 2024 |  | March 26, 2023
| (in thousands, except per share data)
Numerator: |  |  |  |  |  |  |
Net income | $ | 965,826 |  |  | $ | 814,008 |  |  | $ | 2,807,490 |  |  | $ | 3,708,394 |
Denominator: |  |  |  |  |  |  |
Basic average shares outstanding | 130,838 |  |  | 134,924 |  |  | 131,663 |  |  | 135,945 |
Effect of potential dilutive securities: |  |  |  |  |  |  |
Employee stock plans | 680 |  |  | 471 |  |  | 619 |  |  | 369 |
Diluted average shares outstanding | 131,518 |  |  | 135,395 |  |  | 132,282 |  |  | 136,314 |
Net income per share - basic | $ | 7.38 |  |  | $ | 6.03 |  |  | $ | 21.32 |  |  | $ | 27.28 |
Net income per share - diluted | $ | 7.34 |  |  | $ | 6.01 |  |  | $ | 21.22 |  |  | $ | 27.20 |
For purposes of computing diluted net income per share, weighted-average common shares do not include potentially dilutive securities that are anti-dilutive under the treasury stock method. These anti-dilutive securities, including options and RSUs, were not material for the three and nine months ended March 31, 2024 and March 26, 2023.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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