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Net Income (Loss) Per Share | 9 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | 15. 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 net income (loss) 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 RSUs. The following table presents the calculation of net income (loss) per share of basic and diluted (in thousands, except per share data):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2024 |  |  | March 31, 2023 |  |  | March 31, 2024 |  |  | March 31, 2023 |
Net income (loss) |  | $ | (64,425 | ) |  | $ | 22,131 |  |  | $ | (31,761 | ) |  | $ | 52,647 |
Weighted-average shares used in per share calculation – basic |  |  | 129,299 |  |  |  | 128,816 |  |  |  | 129,021 |  |  |  | 129,864 |
Options to purchase common stock |  |  | — |  |  |  | 748 |  |  |  | — |  |  |  | 678 |
Restricted stock units |  |  | — |  |  |  | 3,461 |  |  |  | — |  |  |  | 3,174 |
Weighted-average shares used in per share calculation – diluted |  |  | 129,299 |  |  |  | 133,025 |  |  |  | 129,021 |  |  |  | 133,716 |
Net income (loss) per share – basic and diluted |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) per share – basic |  | $ | (0.50 | ) |  | $ | 0.17 |  |  | $ | (0.25 | ) |  | $ | 0.41 |
Net income (loss) per share – diluted |  | $ | (0.50 | ) |  | $ | 0.17 |  |  | $ | (0.25 | ) |  | $ | 0.39 |
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):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2024 |  |  | March 31, 2023 |  |  | March 31, 2024 |  |  | March 31, 2023 |
Options to purchase common stock |  |  | 1,083 |  |  |  | — |  |  |  | 1,144 |  |  |  | — |
Restricted stock units |  |  | 5,577 |  |  |  | 143 |  |  |  | 6,269 |  |  |  | 116 |
Employee Stock Purchase Plan shares |  |  | 266 |  |  |  | 238 |  |  |  | 88 |  |  |  | 78 |
Total shares excluded |  |  | 6,926 |  |  |  | 381 |  |  |  | 7,501 |  |  |  | 194 |

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