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NET INCOME PER SHARE
 3 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
NET INCOME PER SHARE 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 shares of common stock outstanding during the period. Diluted net income per share is calculated by using the weighted-average number of shares of common stock 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 our outstanding dilutive RSUs had been issued. The dilutive effect of outstanding RSUs 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 September 30,
20242023
Numerator:
Net income$945,851 $741,375 
Denominator:
Weighted-average shares - basic, excluding unvested RSUs134,134 136,412 
Effect of dilutive RSUs and options724 692 
Weighted-average shares - diluted134,858 137,104 
Basic net income per share$7.05 $5.43 
Diluted net income per share$7.01 $5.41 
Anti-dilutive securities excluded from the computation of diluted net income per share29 123