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Net (Loss) Income Per Share | 9 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
Net (Loss) Income Per Share | Net (Loss) Income Per Share The computation of basic and diluted net (loss) income per share is as follows:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in millions, except share and per share amounts)
Basic net (loss) income per share: |  |  |  |  |  |  |
Net (loss) income attributable to common stockholders | $ | (757.1) |  |  | $ | (8.6) |  |  | $ | (1,572.4) |  |  | $ | 124.2 |
Shares used in computation: |  |  |  |  |  |  |
Weighted-average common shares outstanding | 333,864,579 |  |  | 295,646,824 |  |  | 317,245,844 |  |  | 292,276,299 |
Basic net (loss) income per share | $ | (2.27) |  |  | $ | (0.03) |  |  | $ | (4.96) |  |  | $ | 0.43 |
Diluted net (loss) income per share: |  |  |  |  |  |  |
Net (loss) income attributable to common stockholders | $ | (757.1) |  |  | $ | (8.6) |  |  | $ | (1,572.4) |  |  | $ | 124.2 |
Shares used in computation: |  |  |  |  |  |  |
Weighted-average common shares outstanding | 333,864,579 |  |  | 295,646,824 |  |  | 317,245,844 |  |  | 292,276,299 |
Weighted-average effect of potentially dilutive securities: |  |  |  |  |  |  |
Employee stock options | — |  |  | — |  |  | — |  |  | 54,623,068 |
Restricted stock units and awards | — |  |  | — |  |  | — |  |  | 611,364 |
Shares estimated to be purchased under ESPP | — |  |  | — |  |  | — |  |  | 583,648 |
Diluted weighted-average common shares outstanding | 333,864,579 |  |  | 295,646,824 |  |  | 317,245,844 |  |  | 348,094,379 |
Diluted net (loss) income per share | $ | (2.27) |  |  | $ | (0.03) |  |  | $ | (4.96) |  |  | $ | 0.36 |
The following potentially dilutive shares were not included in the calculation of diluted shares outstanding as the effect would have been anti-dilutive:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Employee stock options | 31,148,210 |  |  | 57,016,995 |  |  | 42,008,515 |  |  | 78,887 |
Restricted stock units and awards | 154,564 |  |  | 729,305 |  |  | 219,810 |  |  | 14,406 |
Shares estimated to be purchased under ESPP | — |  |  | 359,350 |  |  | 37,826 |  |  | — |
Impact of 2021 Notes The Company expects to settle the principal amount of the Notes in cash upon conversion, and therefore, the Company uses the treasury stock method for calculating any potential dilutive effect of the conversion option on diluted net income per share, if applicable. The conversion option will have a dilutive impact on net loss per share of common stock when the average market price per share of the Company's Class A common stock for a given period exceeds the conversion price of the Notes of $239.23 per share. During the three and nine months ended March 31, 2022, the weighted average price per share of the Company's Class A common stock was below the conversion price of the Notes. The denominator for basic and diluted (loss) income per share does not include any effect from the Capped Call Transactions the Company entered into concurrently with the issuance of the Notes as this effect would be anti-dilutive. In the event of conversion of the Notes, if shares are delivered to the Company under the Capped Call Transactions, they will offset the dilutive effect of the shares that the Company would issue under the Notes.

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