Net Income Per Share

9 Months Ended

Mar. 31, 2017

(6) Net Income Per Share

Basic net income per common share is computed using the weighted‑average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted‑average number of common shares outstanding during the period and, if dilutive, potential common shares outstanding during the period. The Company’s potential common shares consist of the incremental common shares issuable upon the exercise of stock options, the release of restricted stock units, and the shares purchasable via the employee stock purchase plan as of the balance sheet date. The following table presents the calculation of basic and diluted net income per share:


	Three months ended				Nine months ended
	March 31,				March 31,
	2016		2017		2016		2017
Numerator:
Net income	$	6,161	$	14,801	$	1,561	$	10,562

Denominator:
Weighted-average shares used in computing net income per share:
Basic		50,962		51,447		50,865		51,353
Weighted-average effect of potentially dilutive shares:
Employee stock options, restricted stock units and employee stock purchase plan shares		2,462		2,555		2,566		2,634
Diluted		53,424		54,002		53,431		53,987

Net income per share:
Basic	$	0.12	$	0.29	$	0.03	$	0.21
Diluted	$	0.12	$	0.27	$	0.03	$	0.20

The following table summarizes the outstanding employee stock options and restricted stock units as of the balance sheet date that were excluded from the diluted per share calculation for the periods presented because to include them would have been anti-dilutive:


	Three months ended		Nine months ended
	March 31,		March 31,
	2016	2017	2016	2017

Employee stock options	147	145	147	145
Restricted stock units	11	10	655	690
Total	158	155	802	835