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NET INCOME PER SHARE
 6 Months Ended
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,
2024202320242023
Numerator:
Net income$824,527 $582,534 $1,770,378 $1,323,909 
Denominator:
Weighted-average shares - basic, excluding unvested RSUs133,327 135,539 133,730 135,976 
Effect of dilutive RSUs and options599 715 685 708 
Weighted-average shares - diluted133,926 136,254 134,415 136,684 
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 share145 — 36 —