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Net Income Per Common Share (Tables)
 9 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of basic and diluted net income per share

The following table shows the computation of basic and diluted net income per common share for the three and nine months ended March 31, 2020 and 2019 (in thousands, except per share amounts):
 
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
 
2020
 
2019
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
Net income
$
15,807

 
$
10,646

 
$
65,858

 
$
48,208

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted-average shares outstanding
51,526

 
49,988

 
50,591

 
49,845

Effect of dilutive securities
2,167

 
1,570

 
1,808

 
1,712

Weighted-average diluted shares
53,693

 
51,558

 
52,399

 
51,557

 
 
 
 
 
 
 
 
Basic net income per common share
$
0.31

 
$
0.21

 
$
1.30

 
$
0.97

Diluted net income per common share
$
0.29

 
$
0.21

 
$
1.26

 
$
0.94