Net Income per Share (Tables)

9 Months Ended

Mar. 31, 2019

The following table presents the calculation of basic and diluted net income per share:

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2019		2018		2019		2018
	(In thousands, except per share data)				(In thousands, except per share data)
Numerator:
Basic and Diluted:
Net income	$	941	$	7,117	$	59,064	$	10,509
Denominator:
Basic:
Weighted-average shares of common stock used in computing basic net income per share		49,907		46,602		49,349		46,047
Diluted:
Weighted-average shares of common stock used in computing basic net income per share		49,907		46,602		49,349		46,047
Weighted-average effect of dilutive securities:
Stock options		1,697		1,967		1,787		1,138
Restricted stock units		1,328		2,706		1,545		2,016
Weighted-average shares of common stock used in computing diluted net income per share		52,932		51,275		52,681		49,201
Net income per share:
Basic	$	0.02	$	0.15	$	1.20	$	0.23
Diluted	$	0.02	$	0.14	$	1.12	$	0.21
Securities excluded from weighted-average shares used in computing diluted net income per share because the effect would have been anti-dilutive: ⁽¹⁾		117		155		104		1,444

⁽¹⁾	These weighted-shares relate to anti-dilutive stock options and restricted stock units as calculated using the treasury stock method and could be dilutive in the future.