EARNINGS (LOSS) PER SHARE

6 Months Ended

Dec. 31, 2018

The following table sets forth the computation of basic and diluted earnings (loss) per share for the periods indicated (in thousands, except per share data):


	Three Months Ended December 31,						Six Months Ended December 31,
	2018		2017		2018		2017
Numerator:
Net income (loss)	$	77,796	$	(51,459)	$	163,499	$	23,466
Denominator:
Weighted-average shares used in computing basic earnings (loss) per share	71,225		77,654		72,499		78,895
Add—dilutive potential common shares:
Stock options	102		—		110		1,522
Restricted stock units	79		—		77		77
Weighted-average shares used in computing diluted net income (loss) per share	71,406		77,654		72,686		80,494
Net income (loss) per share of common stock:
Basic	$	1.09	$	(0.66)	$	2.26	$	0.30
Diluted	$	1.09	$	(0.66)	$	2.25	$	0.29

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 December 31,			Six Months Ended December 31,
	2018	2017	2018	2017
Restricted stock units	1	2	2	1