Net Income (Loss) Per Share

6 Months Ended

Dec. 31, 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					Six Months Ended
	December 31, 2021		December 31, 2020			December 31, 2021		December 31, 2020
Net income (loss)	$	13,341	$	(3,050	)	$	26,037	$	(11,862	)
Weighted-average shares used in per share calculation - basic		129,403		123,264			128,863		122,485
Options to purchase common stock		702		—			677		—
Restricted stock units		3,340		—			3,795		—
Employee Stock Purchase Plan shares		176		—			88		—
Weighted-average shares used in per share calculation - diluted		133,621		123,264			133,423		122,485

Net income (loss) per share - basic and diluted
Net income (loss) per share - basic	$	0.10	$	(0.02	)	$	0.20	$	(0.10	)
Net income (loss) per share - diluted	$	0.10	$	(0.02	)	$	0.20	$	(0.10	)

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				Six Months Ended
	December 31, 2021		December 31, 2020		December 31, 2021		December 31, 2020
Options to purchase common stock		—		2,156		—		2,345
Restricted stock units		7		9,553		8		9,003
Employee Stock Purchase Plan shares		764		1,324		620		1,040
Total shares excluded		771		13,033		628		12,388