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Net Income Per Common Share (Tables)
6 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of reconciliation of the numerator and denominator used in the calculation of basic and diluted net income per common share

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

 

 

 

Three Months Ended

December 31,

 

 

Six Months Ended

December 31,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

4,769

 

 

$

10,710

 

 

$

5,171

 

 

$

1,354

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

92,025

 

 

 

89,517

 

 

 

91,609

 

 

 

89,145

 

Dilutive effect of potential common shares

 

 

1,328

 

 

 

762

 

 

 

998

 

 

 

950

 

Weighted average shares outstanding - diluted

 

 

93,353

 

 

 

90,279

 

 

 

92,607

 

 

 

90,095

 

Basic net income per share

 

$

0.05

 

 

$

0.12

 

 

$

0.06

 

 

$

0.02

 

Diluted net income per share

 

$

0.05

 

 

$

0.12

 

 

$

0.06

 

 

$

0.02

 

 

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 December 31,

 

 

 

2020

 

 

2019

 

Stock options

 

 

6,939

 

 

 

6,062

 

RSUs, PSUs and MSUs

 

 

3,174

 

 

 

3,953

 

 

 

 

10,113

 

 

 

10,015