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Net Income (Loss) Per Common Share (Tables)
9 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of reconciliation of the numerator and denominator used in the calculation of basic and diluted net income (loss) per common share

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net income (loss) per common share follows (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

Nine Months Ended
March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(1,046

)

 

$

(390

)

 

$

(1,895

)

 

$

4,781

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

92,761

 

 

 

93,123

 

 

 

91,780

 

 

 

92,106

 

Dilutive effect of potential common shares

 

 

 

 

 

 

 

 

 

 

 

1,316

 

Weighted average shares outstanding - diluted

 

 

92,761

 

 

 

93,123

 

 

 

91,780

 

 

 

93,422

 

Basic net income (loss) per share

 

$

(0.01

)

 

$

(0.00

)

 

$

(0.02

)

 

$

0.05

 

Diluted net income (loss) per share

 

$

(0.01

)

 

$

(0.00

)

 

$

(0.02

)

 

$

0.05

 

 

 

Schedule of all potentially dilutive securities excluded from the computation of basic and diluted net income per common share

The following table sets forth all potentially dilutive securities excluded from the computation in the table above because their effect would have been anti-dilutive (in thousands):

 

 

 

As of March 31,

 

 

 

2022

 

 

2021

 

Stock options

 

 

6,317

 

 

 

6,742

 

RSUs, PSUs and MSUs

 

 

4,422

 

 

 

3,076

 

 

 

 

10,739

 

 

 

9,818