XML 41 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Net Income per Share (Tables)
 12 Months Ended
Jun. 30, 2020
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:

 

 

 

Fiscal Year Ended June 30,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(In thousands, except per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

18,102

 

 

$

62,480

 

 

$

15,930

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares of common stock used in computing basic net income per share

 

 

51,529

 

 

 

49,581

 

 

 

46,417

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock used in computing basic net income per share

 

 

51,529

 

 

 

49,581

 

 

 

46,417

 

Weighted average effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1,054

 

 

 

1,724

 

 

 

1,334

 

Restricted stock units

 

 

804

 

 

 

1,449

 

 

 

2,121

 

Weighted average shares of common stock used in computing diluted net income per share

 

 

53,387

 

 

 

52,754

 

 

 

49,872

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.35

 

 

$

1.26

 

 

$

0.34

 

Diluted

 

$

0.34

 

 

$

1.18

 

 

$

0.32

 

Securities excluded from weighted-average shares used in computing diluted net income per share because the effect would have been anti-dilutive: (1)

 

 

1,104

 

 

 

118

 

 

 

1,129

 

 

(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.