Net income per share

6 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Net income per share

Net income per share

Basic net income per share is calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period, including potential dilutive common shares assuming the dilutive effect of outstanding stock options, restricted stock, and restricted stock units using the treasury-stock method.

The following table presents the calculation of basic and diluted net income per share (in thousands, except per share amounts):

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2012		2011		2012		2011
Net income	$	904	$	10,243	$	3,605	$	18,427
Shares used in computing net income per share:
Basic:
Weighted average common shares used in computing basic net income per share	40,895		41,232		41,103		41,391
Diluted:
Weighted average common shares used in computing basic net income per share	40,895		41,232		41,103		41,391
Add weighted average effect of dilutive securities:
Stock options	1,736		2,689		1,698		3,120
Restricted stock and restricted stock units	137		—		32		—
Weighted average common shares used in computing diluted net income per share	42,768		43,921		42,833		44,511
Net income per share:
Basic	$	0.02	$	0.25	$	0.09	$	0.45
Diluted	$	0.02	$	0.23	$	0.08	$	0.41

The following outstanding shares subject to options and restricted stock units were excluded from the computation of diluted net income per share for the periods presented because including them would have had an antidilutive effect (in thousands):

	Three Months Ended		Six Months Ended
	December 31,		December 31,
	2012	2011	2012	2011
Options to purchase common stock	1,982	1,522	2,501	853
Restricted stock units	758	—	794	—