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Net Income/(Loss) Per Share
 9 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Net Income/(Loss) Per Share

3. Net Income/(Loss) Per Share

The computation of basic and diluted net income/(loss) per share was as follows (in thousands, except per share data):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income/(loss)

 

$

31,478

 

 

$

(40,056

)

 

$

79,041

 

 

$

12,217

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares, basic

 

 

36,726

 

 

 

35,685

 

 

 

36,839

 

 

 

34,212

 

Effect of dilutive share-based awards

 

 

1,809

 

 

 

—

 

 

 

1,958

 

 

 

2,320

 

Shares, diluted

 

 

38,535

 

 

 

35,685

 

 

 

38,797

 

 

 

36,532

 

Net income/(loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.86

 

 

$

(1.12

)

 

$

2.15

 

 

$

0.36

 

Diluted

 

$

0.82

 

 

$

(1.12

)

 

$

2.04

 

 

$

0.33

 

Our basic net income/(loss) per share amounts for each period presented have been computed using the weighted average number of shares of common stock outstanding. Our diluted net income per share amounts for each period presented include the weighted average effect of potentially dilutive shares. We use the “treasury stock” method to determine the dilutive effect of our stock options, deferred stock units, or DSUs, and market stock units, or MSUs.

Dilutive net income/(loss) per share amounts do not include the potential weighted average effect of 380,506 and 2,481,307 shares of common stock related to certain share-based awards that were outstanding during the three months ended March 31, 2015 and 2014, respectively, and 370,296 and 356,878 shares of common stock related to certain share-based awards that were outstanding during the nine months ended March 31, 2015 and 2014, respectively. These share-based awards were not included in the computation of diluted net income/(loss) per share because their effect would have been antidilutive.