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Net Income Per Share | 9 Months Ended
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Mar. 31, 2018
Earnings Per Share [Abstract] |
Net Income Per Share | NOTE 10 – NET INCOME PER SHARE Basic net income per share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated by using the weighted-average number of common shares outstanding during the period, increased to include the number of additional shares of common stock that would have been outstanding if the shares of common stock underlying the Company’s outstanding dilutive restricted stock units and stock options had been issued. The dilutive effect of outstanding restricted stock units and options is reflected in diluted net income per share by application of the treasury stock method. The following table sets forth the computation of basic and diluted net income per share:
(In thousands, except per share amounts) | Three months ended March 31, |  | Nine months ended March 31,
2018 |  | 2017 |  | 2018 |  | 2017
Numerator: |  |  |  |  |  |  |
Net income | $ | 306,881 |  |  | $ | 253,562 |  |  | $ | 453,498 |  |  | $ | 669,914 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares-basic, excluding unvested restricted stock units | 156,221 |  |  | 156,749 |  |  | 156,547 |  |  | 156,402 |
Effect of dilutive restricted stock units and options(1) | 980 |  |  | 997 |  |  | 992 |  |  | 895 |
Weighted-average shares-diluted | 157,201 |  |  | 157,746 |  |  | 157,539 |  |  | 157,297 |
Basic net income per share | $ | 1.96 |  |  | $ | 1.62 |  |  | $ | 2.90 |  |  | $ | 4.28 |
Diluted net income per share | $ | 1.95 |  |  | $ | 1.61 |  |  | $ | 2.88 |  |  | $ | 4.26 |
Anti-dilutive securities excluded from the computation of diluted net income per share | — |  |  | — |  |  | 2 |  |  | 6 |
__________________ (1) The Company has no t had any outstanding stock options since August 2016.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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