EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2017

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	—