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Net Income per Share (Tables)
 3 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
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

 

 

 

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.