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Net (Loss) Income Per Share
 12 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share
Net (Loss) Income Per Share
Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of options, warrants and unvested restricted stock. Dilutive earnings per share is calculated by dividing net income by the weighted average number of common shares used in the basic earnings per share calculation plus the dilutive effect of shares subject to repurchase, options, warrants and unvested restricted stock. The following table presents the calculation of basic and diluted net (loss) income per share (in thousands, except per share data):
 
 
Year Ended
 
June 30,
2014
 
June 30,
2013
 
June 30,
2012
Net (loss) income
$
(57,310
)
 
$
9,673

 
$
15,872

Weighted-average shares used in per share calculation – basic
95,515

 
93,954

 
93,451

Incremental shares using the treasury stock method:
 
 
 
 
 
Stock options
—

 
385

 
372

Unvested restricted awards
—

 
600

 
554

Employee Stock Purchase Plan
—

 
105

 
113

Weighted -average share used in per share calculation – diluted
95,515

 
95,044

 
94,490

Net (loss) income per share – basic
$
(0.60
)
 
$
0.10

 
$
0.17

Net (loss) income per share – diluted
$
(0.60
)
 
$
0.10

 
$
0.17



Potentially dilutive common shares from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units, and the assumed issuance of common stock under the ESPP. Weighted stock options outstanding with an exercise price higher than the Company's average stock price for the periods presented are excluded from the calculation of diluted net income per share since the effect of including them would have been anti-dilutive due to the net income position of the Company during the periods presented. For fiscal 2014, 2013, and 2012, the Company excluded 4.1 million, 6.7 million, and 8.3 million outstanding weighted average stock options, respectively, from the calculation of diluted earnings per common share because they would have been anti-dilutive.