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Net income per share
3 Months Ended
Sep. 30, 2013
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 common 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
 
 
September 30,
 
 
2013
 
2012
Income from continuing operations, net of tax
 
$
9

 
$
2,221

Income from discontinued operations, net of tax
 

 
480

Net income
 
$
9

 
$
2,701

Shares used in computing net income per share:
 
 
 
 
Basic:
 
 
 
 
Weighted average common shares used in computing basic net income per share
 
38,811

 
41,312

Diluted:
 
 
 
 
Weighted average common shares used in computing basic net income per share
 
38,811

 
41,312

Add weighted average effect of dilutive securities:
 
 
 
 
Stock options
 
1,205

 
1,663

Restricted common stock and restricted stock units
 
199

 

Weighted average common shares used in computing diluted net income per share
 
40,215

 
42,975

Basic income per share:
 
 
 
 
Income from continuing operations, net of tax
 
$
0.00

 
$
0.06

Income from discontinued operations, net of tax
 

 
0.01

Net income
 
$
0.00

 
$
0.07

Diluted income per share:
 
 
 
 
Income from continuing operations, net of tax
 
$
0.00

 
$
0.05

Income from discontinued operations, net of tax
 

 
0.01

Net income
 
$
0.00

 
$
0.06



The following outstanding shares 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
 
 
September 30,
 
 
2013
 
2012
Stock options
 
4,587

 
4,829

Restricted common stock
 
27

 

Restricted stock units
 
708

 

Total
 
5,322

 
4,829