Earnings Per Share

12 Months Ended

Jun. 30, 2020

Basic earnings per share is computed by dividing the net income attributable to ordinary shareholders by the weighted-average number of ordinary shares outstanding during the period. Diluted earnings per share is computed by giving effect to all potential weighted-average dilutive shares. The dilutive effect of outstanding awards is reflected in diluted earnings per share by application of the treasury stock method.

A reconciliation of the calculation of basic and diluted loss per share is as follows:


	Fiscal Year Ended June 30,
	2020		2019		2018
	(U.S. $ and shares in thousands, except per share data)
Numerator:
Net loss attributable to ordinary shareholders:	$	(350,654)	$	(637,621)	$	(113,432)




Denominator:
Weighted-average ordinary shares outstanding—basic	244,844		238,611		231,184


Weighted-average ordinary shares outstanding—diluted	244,844		238,611		231,184
Net loss per share attributable to ordinary shareholders:
Basic net loss per share	$	(1.43)	$	(2.67)	$	(0.49)
Diluted net loss per share	$	(1.43)	$	(2.67)	$	(0.49)

For fiscal years ended June 30, 2020, 2019 and 2018, potential anti-dilutive weighted-average shares excluded from the computation of net loss per share were 6.8 million, 9.6 million and 12.8 million, respectively.