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Net Income Per Share
9 Months Ended
Mar. 31, 2017
Net Loss Per Share  
Net Income Per Share

(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