EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2023

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