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EARNINGS PER SHARE (Tables)

9 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Computation of basic and diluted 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.

Potential shares of common stock excluded from diluted per share calculation

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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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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