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EARNINGS PER SHARE | 12 Months Ended
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Jun. 30, 2023
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):
| Year ended June 30,
| 2023 |  | 2022 |  | 2021
Numerator: |  |  |  |  |
Net income | $ | 407,641 |  |  | $ | 378,657 |  |  | $ | 616,584 |
Denominator: |  |  |
Weighted-average shares used in computing basic earnings per share | 60,435 |  |  | 61,689 |  |  | 62,991 |
Add—dilutive potential common shares: |  |  |  |  |
Stock options | — |  |  | 7 |  |  | 16 |
Restricted stock units | 16 |  |  | 27 |  |  | 45 |
Weighted-average shares used in computing diluted earnings per share | 60,451 |  |  | 61,723 |  |  | 63,052 |
Net income per share of common stock: |  |  |
Basic | $ | 6.75 |  |  | $ | 6.14 |  |  | $ | 9.79 |
Diluted | $ | 6.74 |  |  | $ | 6.13 |  |  | $ | 9.78 |
The Company excludes potentially dilutive securities from its diluted earnings per share calculation when their effect would be anti-dilutive to earnings per share amounts. The following table summarizes the total potential shares of common stock that were excluded from the diluted per share calculation, because to include them would have been anti-dilutive for the period (in thousands):
| Year ended June 30,
| 2023 |  | 2022 |  | 2021
Restricted stock units | 2 |  |  | 8 |  |  | 5 |

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