Net (Loss) Income Per Share

6 Months Ended

Dec. 31, 2017

Net (Loss) Income Per Share

Note 4. Net (Loss) Income Per Share

Basic and diluted net (loss) income per share are computed using the weighted-average number of shares of common stock outstanding during the period, less any shares subject to repurchase or forfeiture. There were no shares of common stock subject to repurchase or forfeiture for the three and six months ended December 31, 2017 and 2016. Diluted net (loss) income per share is computed based on the sum of the weighted average number of common shares and potentially dilutive common shares outstanding during the period.

The following table presents the calculation of weighted average shares used to calculate basic and diluted (loss) income per share (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2017		2016		2017		2016
Weighted average shares outstanding		37,014		36,772		36,990		36,104
Effect of vested restricted stock units		400		400		400		356
Weighted average shares used in calculating basic net (loss) income per share		37,414		37,172		37,390		36,460
Effect of potentially dilutive common shares from equity awards		—		45		—		41
Weighted average shares used in calculating diluted net (loss) income per share		37,414		37,217		37,390		36,501
Potentially dilutive shares shares excluded from calculation due to anti-dilutive effect		8,644		7,915		8,912		7,715