Net Income (Loss) Per Share

3 Months Ended

Sep. 30, 2021

16.	Net Income (Loss) Per Share

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Dilutive income per share is calculated by dividing net income by the weighted average number of shares of common stock used in the basic net income (loss) per share calculation plus the dilutive effect of shares subject to repurchase, options and unvested RSUs.

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, 2021		September 30, 2020
Net income (loss)	$	12,696	$	(8,812	)
Weighted-average shares used in per share calculation - basic		128,324		121,705
Options to purchase common stock		651		—
Restricted stock units		4,250		—
Employee Stock Purchase Plan shares		—		—
Weighted-average shares used in per share calculation - diluted		133,225		121,705

Net income (loss) per share - basic and diluted
Net income (loss) per share - basic	$	0.10	$	(0.07	)
Net income (loss) per share - diluted	$	0.10	$	(0.07	)

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, 2021		September 30, 2020
Options to purchase common stock		—		2,864
Restricted stock units		1,441		8,877
Employee Stock Purchase Plan shares		514		750
Total shares excluded		1,955		12,491