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Income (Loss) Per Share
 6 Months Ended
Dec. 31, 2023
Income (Loss) Per Share  
Income (Loss) Per Share

3. EARNINGS (LOSS) PER SHARE

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Basic earnings (loss) per share is computed using the weighted-average number of shares of common stock outstanding. In periods where net income is reported, the weighted-average number of shares is increased by stock options in the money and shares issuable for RSUs subject to service-based vesting requirements to calculate diluted earnings per share.

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The following table represents the calculation of basic and diluted earnings (loss) per share (in thousands, except per share data):

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Three Months Ended

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Six Months Ended

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December 31, 

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December 31, 

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2023

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2022

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2023

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2022

Net income (loss)

    

$

2,185

    

$

(104)

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$

4,781

    

$

(120)

Per share information:

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Earnings (loss) per share:

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Basic

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$

0.07

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$

(0.00)

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$

0.15

​

$

(0.00)

Diluted

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$

0.07

​

$

(0.00)

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$

0.15

​

$

(0.00)

Weighted-average shares used in computation:

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Basic

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31,179

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32,018

​

 

31,329

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31,975

Effect of dilutive options and RSUs

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664

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—

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662

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​

—

Diluted

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31,843

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32,018

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31,991

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31,975

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Weighted-average shares of stock options to purchase 3,487,402 and 3,628,963 shares of common stock for the three months ended December 31, 2023 and 2022, respectively, and weighted-average shares of stock options to purchase 3,527,031 and 3,658,692 shares of common stock for the six months ended December 31, 2023 and 2022, respectively, were not included in the computation of diluted earnings (loss) per share due to their anti-dilutive effect. Such securities could have a dilutive effect in future periods.