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Net Income Per Share (Tables)
6 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,
2023

 

 

December 31,
2022

 

 

December 31,
2023

 

 

December 31,
2022

 

Net income

 

$

3,988

 

 

$

17,931

 

 

$

32,664

 

 

$

30,516

 

Weighted-average shares used in per share calculation – basic

 

 

128,987

 

 

 

130,465

 

 

 

128,885

 

 

 

130,377

 

Options to purchase common stock

 

 

757

 

 

 

717

 

 

 

836

 

 

 

635

 

Restricted stock units

 

 

1,579

 

 

 

3,164

 

 

 

2,951

 

 

 

2,760

 

Employee Stock Purchase Plan shares

 

 

191

 

 

 

107

 

 

 

114

 

 

 

61

 

Weighted-average shares used in per share calculation – diluted

 

 

131,514

 

 

 

134,453

 

 

 

132,786

 

 

 

133,833

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share – basic and diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share – basic

 

$

0.03

 

 

$

0.14

 

 

$

0.25

 

 

$

0.23

 

Net income per share – diluted

 

$

0.03

 

 

$

0.13

 

 

$

0.25

 

 

$

0.23

 

Schedule of Antidilutive Securities Excluded from Earnings Per Share Calculation

The following securities were excluded from the computation of net income per diluted share of common stock for the periods presented as their effect would have been anti-dilutive (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,
2023

 

 

December 31,
2022

 

 

December 31,
2023

 

 

December 31,
2022

 

Restricted stock units

 

 

2,336

 

 

 

437

 

 

 

1,623

 

 

 

306

 

Employee Stock Purchase Plan shares

 

 

560

 

 

 

678

 

 

 

445

 

 

 

529

 

Total shares excluded

 

 

2,896

 

 

 

1,115

 

 

 

2,068

 

 

 

835