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NET INCOME PER SHARE | 6 Months Ended
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Dec. 31, 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 December 31, |  | Six Months Ended December 31,
2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net income | $ | 824,527 |  |  | $ | 582,534 |  |  | $ | 1,770,378 |  |  | $ | 1,323,909 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares - basic, excluding unvested RSUs | 133,327 |  |  | 135,539 |  |  | 133,730 |  |  | 135,976 |
Effect of dilutive RSUs and options | 599 |  |  | 715 |  |  | 685 |  |  | 708 |
Weighted-average shares - diluted | 133,926 |  |  | 136,254 |  |  | 134,415 |  |  | 136,684 |
Basic net income per share | $ | 6.18 |  |  | $ | 4.30 |  |  | $ | 13.24 |  |  | $ | 9.74 |
Diluted net income per share | $ | 6.16 |  |  | $ | 4.28 |  |  | $ | 13.17 |  |  | $ | 9.69 |
Anti-dilutive securities excluded from the computation of diluted net income per share | 145 |  |  | — |  |  | 36 |  |  | — |

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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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