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Net Income (Loss) Per Share (Tables) | 12 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of net income (loss) per share for the periods presented:
| Year Ended June 30,
(in thousands, except per share amounts) | 2021 |  | 2020 |  | 2019
Basic: |  |  |  |  |
Numerator: |  |  |  |  |
Net income | $ | 131,046 |  |  | $ | 81,147 |  |  | $ | 72,579 |
Less: dividends declared on Series A, B, C & D preferred stock | — |  |  | (86,302) |  |  | (661) |
Less: cumulative dividends on Series D preferred stock | — |  |  | (10,849) |  |  | (12,000) |
Net income (loss) attributable to common shareholders | 131,046 |  |  | (16,004) |  |  | 59,918 |
Denominator: |  |  |  |  |
Weighted-average common stock outstanding | 162,889 |  |  | 97,496 |  |  | 85,378 |
Net income (loss) per share—basic: | $ | 0.80 |  |  | $ | (0.16) |  |  | $ | 0.70 |
Diluted: |  |  |  |  |
Numerator: |  |  |  |  |
Net income (loss) attributable to common shareholders | $ | 131,046 |  |  | $ | (16,004) |  |  | $ | 59,918 |
Add: dividends declared on Series A, B & C preferred stock(1) | — |  |  | — |  |  | 181 |
Add: dividends declared on Series D preferred stock(1) | — |  |  | — |  |  | 480 |
Add: cumulative dividends on Series D preferred stock(1) | — |  |  | — |  |  | 12,000 |
Net income (loss) attributable to common and common equivalent shareholders | 131,046 |  |  | (16,004) |  |  | 72,579 |
Denominator: |  |  |  |  |
Weighted-average common stock outstanding | 162,889 |  |  | 97,496 |  |  | 85,378 |
Series A, B & C preferred stock outstanding(1) | — |  |  | — |  |  | 12,071 |
Series D preferred stock outstanding(1) | — |  |  | — |  |  | 32,000 |
Stock options outstanding to purchase shares of common stock including unvested RSU's and from the ESPP(1) | 2,655 |  |  | — |  |  | 3,042 |
Total common and common equivalent shares outstanding | 165,544 |  |  | 97,496 |  |  | 132,491 |
Net income (loss) per share—diluted: | $ | 0.79 |  |  | $ | (0.16) |  |  | $ | 0.55 |
(1) Excluded from the computation of net loss per share-diluted for the year ended June 30, 2020, because the effect would have been anti-dilutive.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The weighted average potential shares of common stock that were excluded from the calculation of net income (loss) per share-diluted for the periods presented because including them would have been anti-dilutive consisted of the following as of June 30:
(in thousands) | 2021 |  | 2020 |  | 2019
Series A, B & C preferred stock outstanding | — |  |  | 10,871 |  |  | — |
Series D preferred stock outstanding | — |  |  | 28,817 |  |  | — |
Series E preferred stock outstanding | — |  |  | 694 |  |  | — |
Stock options outstanding to purchase shares of common stock including unvested RSU's and from the ESPP | 784 |  |  | 4,161 |  |  | — |
Shares subject to outstanding PSU's(1) | 121 |  |  | — |  |  | — |
Total | 905 |  |  | 44,543 |  |  | — |
(1) The weighted-average number of shares excluded from the computation of net income (loss) per share-diluted because the performance conditions associated with these awards were not met.

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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