Net Income Per Common Share (Tables)

6 Months Ended

Dec. 31, 2021

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 six months ended December 31, 2021 and 2020 (in thousands, except per share amounts): 

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
Numerator:
Net income	$	41,932	$	27,674	$	67,369	$	54,275
Denominator:
Weighted-average shares outstanding	51,314		51,499		51,055		51,914
Effect of dilutive securities	2,197		2,084		2,159		2,091
Weighted-average diluted shares	53,511		53,584		53,213		54,005
Basic net income per common share	$	0.82	$	0.54	$	1.32	$	1.05
Diluted net income per common share	$	0.78	$	0.52	$	1.27	$	1.00