Net Income per Share

3 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Net Income per Share

4. Net Income per Share

Basic net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is computed by using the weighted-average number of shares of common stock outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options and restricted stock units using the treasury stock method.

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

	Three Months Ended
	September 30,
	2019		2018
	(In thousands, except per share data)
Numerator:
Basic and Diluted:
Net income	$	1,132	$	5,297
Denominator:
Basic:
Weighted-average shares of common stock used in computing basic net income per share		50,845		48,663
Diluted:
Weighted-average shares of common stock used in computing basic net income per share		50,845		48,663
Weighted-average effect of dilutive securities:
Stock options		1,286		1,884
Restricted stock units		1,195		1,894
Weighted-average shares of common stock used in computing diluted net income per share		53,326		52,441
Net income per share:
Basic	$	0.02	$	0.11
Diluted	$	0.02	$	0.10
Securities excluded from weighted-average shares used in computing diluted net income per share because the effect would have been anti-dilutive: (1)		728		95

⁽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.