BASIC AND DILUTED NET EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2016

BASIC AND DILUTED NET EARNINGS PER SHARE

NOTE 8:-

BASIC AND DILUTED NET EARNINGS PER SHARE

Basic net earnings per share is computed by dividing the net earnings by the weighted-average number of shares of common stock outstanding during the period.

The total weighted average number of shares related to the outstanding stock options, excluded from the calculation of diluted net earnings per share due to their anti-dilutive effect was 235,845 and 0 for the three months ended September 30, 2016 (unaudited) and 2015 (unaudited), respectively.

Basic and diluted earnings per share is presented in conformity with the two-class method for participating securities for the periods prior to their conversion. Under this method the earnings per share for each class of shares are calculated assuming 100% of the Company's earnings are distributed as dividends to each class of shares based on their contractual rights.

The following table presents the computation of basic and diluted net earnings per share for the periods presented (in thousands, except per share data):

	Three months ended September 30,
	2016		2015
	(unaudited)
Numerator:
Net income		15,616		14,432

Denominator:
Shares used in computing net earnings per share of common stock, basic		40,926,887		39,301,620
Effect of stock-based awards		3,068,340		5,154,344
Shares used in computing net earnings per share of common stock, diluted		43,995,227		44,455,964

Basic net income per share	$	0.38	$	0.37
Diluted net income per share	$	0.35	$	0.32