Net Income Per Common Share (Tables)

9 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The computation of basic and diluted using the two-class method is as follows (in thousands, except per share amounts):

	Three Months Ended March 31,					Nine Months Ended March 31,
	2015		2014			2015		2014
Basic net income per common share calculation
Net income	$	23,056	$	16,574		$	75,161	$	37,608
Less: Undistributed earnings allocated to participating securities	—		(1		)	—		(34		)
Net income attributable to common shares—basic	$	23,056	$	16,573		$	75,161	$	37,574
Weighted-average number of common shares used to compute basic net income per common share	46,824		43,992			46,138		43,128
Basic net income per common share	$	0.49	$	0.38		$	1.63	$	0.87
Diluted net income per common share calculation
Net income	$	23,056	$	16,574		$	75,161	$	37,608
Less: Undistributed earnings allocated to participating securities	—		(1		)	—		(32		)
Net income attributable to common shares—diluted	$	23,056	$	16,573		$	75,161	$	37,576
Weighted-average number of common shares used to compute basic net income per common share	46,824		43,992			46,138		43,128
Dilutive effect of options to purchase common stock	5,184		3,432			4,964		2,729
Weighted-average number of common shares used to compute diluted net income per common share	52,008		47,424			51,102		45,857
Diluted net income per common share	$	0.44	$	0.35		$	1.47	$	0.82