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Net Income (Loss) Per Share | 12 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | 17. Net Income (Loss) Per Share Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares of common stock used in the basic net income (loss) per share calculation plus the dilutive effect of any shares subject to repurchase, options and unvested RSUs. The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data):
|  | Year Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |  |  | June 30, 2022 |
Net income (loss) |  | $ | (85,964 | ) |  | $ | 78,074 |  |  | $ | 44,271 |
Weighted-average shares used in per share calculation – basic |  |  | 129,288 |  |  |  | 129,473 |  |  |  | 129,437 |
Options to purchase common stock |  |  | — |  |  |  | 708 |  |  |  | 567 |
Restricted stock units |  |  | — |  |  |  | 3,468 |  |  |  | 3,490 |
Weighted-average shares used in per share calculation – diluted |  |  | 129,288 |  |  |  | 133,649 |  |  |  | 133,494 |
Net income (loss) per share – basic and diluted |  |  |  |  |  |  |  |  |
Net income (loss) per share – basic |  | $ | (0.66 | ) |  | $ | 0.60 |  |  | $ | 0.34 |
Net income (loss) per share – diluted |  | $ | (0.66 | ) |  | $ | 0.58 |  |  | $ | 0.33 |
Potentially dilutive shares of common stock 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 RSUs, and the assumed issuance of common stock under the ESPP. The following securities were excluded from the computation of net income (loss) per diluted share of common stock for the periods presented as their effect would have been anti-dilutive (in thousands):
|  |  |  |  | Year Ended |  |  |  |
|  | June 30, 2024 |  |  | June 30, 2023 |  |  | June 30, 2022 |
Options to purchase common stock |  |  | 1,126 |  |  |  | — |  |  |  | — |
Restricted stock units |  |  | 5,946 |  |  |  | 153 |  |  |  | 99 |
Employee Stock Purchase Plan shares |  |  | 193 |  |  |  | 181 |  |  |  | 400 |
Total shares excluded |  |  | 7,265 |  |  |  | 334 |  |  |  | 499 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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