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Net Income Per Share | 12 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Net Income Per Share | 17. Net Income Per Share Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted income per share is calculated by dividing net income by the weighted average number of shares of common stock used in the basic net income per share calculation plus the dilutive effect of shares subject to repurchase, options and unvested restricted stock units. The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):
| Year Ended |
| June 30, 2023 |  |  | June 30, 2022 |  |  | June 30, 2021 |
Net income | $ | 78,074 |  |  | $ | 44,271 |  |  | $ | 1,936 |
Weighted-average shares used in per share calculation – basic |  | 129,473 |  |  |  | 129,437 |  |  |  | 124,019 |
Options to purchase common stock |  | 708 |  |  |  | 567 |  |  |  | 542 |
Restricted stock units |  | 3,468 |  |  |  | 3,490 |  |  |  | 3,047 |
Employee Stock Purchase Plan shares |  | — |  |  |  | — |  |  |  | 61 |
Weighted-average shares used in per share calculation – diluted |  | 133,649 |  |  |  | 133,494 |  |  |  | 127,669 |
Net income per share – basic and diluted |  |  |  |  |  |  |  |
Net income per share – basic | $ | 0.60 |  |  | $ | 0.34 |  |  | $ | 0.02 |
Net income per share – diluted | $ | 0.58 |  |  | $ | 0.33 |  |  | $ | 0.02 |
Potentially dilutive common shares from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units, and the assumed issuance of common stock under the ESPP. The following securities were excluded from the computation of net income per diluted share of common stock for the periods presented as their effect would have been anti-dilutive (in thousands):
|  |  |  |  | Year Ended |  |  |  |
|  | June 30, 2023 |  |  | June 30, 2022 |  |  | June 30, 2021 |
Options to purchase common stock |  |  | — |  |  |  | — |  |  |  | 637 |
Restricted stock units |  |  | 153 |  |  |  | 99 |  |  |  | 80 |
Employee Stock Purchase Plan shares |  |  | 181 |  |  |  | 400 |  |  |  | 334 |
Total shares excluded |  |  | 334 |  |  |  | 499 |  |  |  | 1,051 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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