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Net Income Per Share (Tables)
6 Months Ended
Dec. 31, 2022
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,

2022

 

 

December 31,

2021

 

 

December 31,

2022

 

 

December 31,

2021

 

Net income

 

$

17,931

 

 

$

13,341

 

 

$

30,516

 

 

$

26,037

 

Weighted-average shares used in per share calculation – basic

 

 

130,465

 

 

 

129,403

 

 

 

130,377

 

 

 

128,863

 

Options to purchase common stock

 

 

717

 

 

 

702

 

 

 

635

 

 

 

677

 

Restricted stock units

 

 

3,164

 

 

 

3,340

 

 

 

2,760

 

 

 

3,795

 

Employee Stock Purchase Plan shares

 

 

107

 

 

 

176

 

 

 

61

 

 

 

88

 

Weighted-average shares used in per share calculation – diluted

 

 

134,453

 

 

 

133,621

 

 

 

133,833

 

 

 

133,423

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share – basic and diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share – basic

 

$

0.14

 

 

$

0.10

 

 

$

0.23

 

 

$

0.20

 

Net income per share – diluted

 

$

0.13

 

 

$

0.10

 

 

$

0.23

 

 

$

0.20

 

 

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,

2022

 

 

December 31,

2021

 

 

December 31,

2022

 

 

December 31,

2021

 

Restricted stock units

 

 

437

 

 

 

7

 

 

 

306

 

 

 

8

 

Employee Stock Purchase Plan shares

 

 

678

 

 

 

764

 

 

 

529

 

 

 

620

 

Total shares excluded

 

 

1,115

 

 

 

771

 

 

 

835

 

 

 

628