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EARNINGS PER SHARE | 9 Months Ended
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Mar. 31, 2017
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2017 |  | 2016 |  | 2017 |  | 2016
Numerator: |  |  |
Net income and comprehensive income | $ | 64,432 |  |  | $ | 52,699 |  |  | $ | 196,828 |  |  | $ | 155,910 |
Denominator: |  |  |
Weighted-average shares used in computing basic net income per share | 81,652 |  |  | 83,349 |  |  | 81,879 |  |  | 85,051 |
Add—dilutive potential common shares: |  |  |  |  |  |  |
Stock options(1) | 1,579 |  |  | 1,264 |  |  | 1,704 |  |  | 1,282 |
Restricted stock units(1) | 86 |  |  | 72 |  |  | 111 |  |  | 100 |
Weighted-average shares used in computing diluted net income per share | 83,317 |  |  | 84,685 |  |  | 83,694 |  |  | 86,433 |
Net income per share of common stock: |  |  |
Basic | $ | 0.79 |  |  | $ | 0.63 |  |  | $ | 2.40 |  |  | $ | 1.83 |
Diluted | $ | 0.77 |  |  | $ | 0.62 |  |  | $ | 2.35 |  |  | $ | 1.80 |
(1) Effective July 1, 2016, the Company early adopted ASU 2016-09 regarding the Improvements to Employee Share-Based Payment Accounting. During the three and nine months ended March 31, 2017, the adoption increased the number of diluted stock options and restricted stock units by 635 thousand and 689 thousand shares, respectively. The Company excludes potentially dilutive securities from its diluted net income per share calculation when their effect would be anti-dilutive to net income per share amounts. The following table summarizes the total potential shares of common stock that were excluded from the diluted per share calculation as including them would have been anti-dilutive for the period (in thousands):
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2017 |  | 2016 |  | 2017 |  | 2016
Restricted stock units | 29 |  |  | 16 |  |  | 10 |  |  | — |
| 29 |  |  | 16 |  |  | 10 |  |  | — |

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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 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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