Net Income Per Common Share Attributable to Alpha and Omega Semiconductor Limited

6 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income Per Common Share Attributable to Alpha and Omega Semiconductor Limited

The following table presents the calculation of basic and diluted net income per share attributable to common shareholders:

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
	(in thousands, except per share data)
Numerator:
Net income attributable to Alpha and Omega Semiconductor Limited	$	382,998	$	12,903	$	406,422	$	22,477
Denominator:
Basic:
Weighted average number of common shares used to compute basic net income per share	26,593		25,672		26,479		25,506
Diluted:
Weighted average number of common shares used to compute basic net income per share	26,593		25,672		26,479		25,506
Effect of potentially dilutive securities:
Stock options, RSUs and ESPP shares	1,694		1,681		1,484		1,328
Weighted average number of common shares used to compute diluted net income per share	28,287		27,353		27,963		26,834
Net income per share attributable to Alpha and Omega Semiconductor Limited:
Basic	$	14.40	$	0.50	$	15.35	$	0.88
Diluted	$	13.54	$	0.47	$	14.53	$	0.84

The following potential dilutive securities were excluded from the computation of diluted net income per share as their effect would have been anti-dilutive:

	Three Months Ended December 31,		Six Months Ended December 31,
	2021	2020	2021	2020
	(in thousands)		(in thousands)
Employee stock options and RSUs	1	7	255	66
ESPP	30	35	32	134
Total potential dilutive securities	31	42	287	200