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Net Income per Share (Tables)

9 Months Ended

Mar. 31, 2026

Calculation of Basic and Diluted Net Income per Share

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


	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2026		2025		2026		2025
	(In thousands, except per share data)				(In thousands, except per share data)
Numerator:
Net income	$	7,362	$	4,416	$	62,124	$	1,501
Denominator:
Weighted average shares of common stock used in computing basic net income per share		57,205		56,696		57,174		56,282
Weighted average effect of dilutive securities		833		1,961		1,068		2,039
Weighted average shares of common stock used in computing diluted net income per share		58,038		58,657		58,242		58,321
Net income per share:
Basic	$	0.13	$	0.08	$	1.09	$	0.03
Diluted	$	0.13	$	0.08	$	1.07	$	0.03

Securities excluded from weighted average shares of common stock used in computing diluted net income per share because the effect would have been anti-dilutive: (1)		2,875		115		2,228		440

(1)

These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future.