11.	Net Income (Loss) Per Share

Basic earnings per share is calculated by dividing net earnings by the weighted average number of common shares outstanding during the period. Dilutive earnings per share is calculated by dividing net earnings 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 units.

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

	Three Months Ended
	September 30, 2017		September 30, 2016
			(As adjusted)
Net income (loss)	$	4,376	$	(5,742	)

Weighted-average shares used in per share - basic calculation		112,241		105,955
Effect of potentially dilutive shares:
Options to purchase common stock		1,760		—
Restricted stock units		4,007		—
Employee Stock Purchase Plan shares		423		—
Weighted-average shares used in per share - diluted calculation		118,431		105,955
Net income (loss) per share:
Basic	$	0.04	$	(0.05	)
Diluted	$	0.04	$	(0.05	)

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

	Three Months Ended
	September 30, 2017		September 30, 2016
Options to purchase common stock		—		3,715
Restricted stock units		496		1,635
Employee Stock Purchase Plan shares		204		201
Total shares excluded		700		5,551