Net Income Per Common Share

6 Months Ended

Dec. 31, 2015

The following table shows the computation of basic and diluted net income per share for the three and six months ended December 31, 2015 (in thousands, except per share amounts):



	Three Months Ended December 31,				Six Months Ended December 31,
	2015		2014		2015		2014
Numerator:
Net income	$	34,689	$	31,242	$	48,388	$	52,105

Denominator:
Weighted-average shares outstanding	47,651		46,131		47,584		45,802
Effect of dilutive securities	3,838		4,960		3,821		4,765
Weighted-average diluted shares	51,489		51,091		51,405		50,567

Basic net income per share	$	0.73	$	0.68	$	1.02	$	1.14
Diluted net income per share	$	0.67	$	0.61	$	0.94	$	1.03

For the three and six months ended December 31, 2015 and 2014, the Company had stock options and restricted stock units outstanding that could potentially dilute basic earnings per share in the future, but were excluded from the computation of diluted net income per share in the periods presented, as their effect would have been anti-dilutive. The anti-dilutive common share equivalents resulting from outstanding equity awards were 1,329,000 and 1,291,000 for the three and six months ended December 31, 2015, respectively, and 707,000 and 470,000 for the three and six months ended December 31, 2014, respectively.