Net (Loss) Income per Share (Tables)

3 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Net (Loss) Income per Share

The following table presents the calculation of basic and diluted net (loss) income per share:

	Three Months Ended
	September 30,
	2022			2021
	(In thousands, except per share data)
Numerator:
Basic and Diluted:
Net (loss) income	$	(4,517	)	$	3,093
Denominator:
Basic:
Weighted-average shares of common stock used in computing basic net (loss) income per share		53,350			53,993
Diluted:
Weighted average shares of common stock used in computing basic net (loss) income per share		53,350			53,993
Weighted average effect of dilutive securities:
Stock options		—			575
Restricted stock units		—			1,221
Shares issuable related to the ESPP		—			—
Weighted average shares of common stock used in computing diluted net (loss) income per share		53,350			55,789
Net (loss) income per share:
Basic	$	(0.08	)	$	0.06
Diluted (1)	$	(0.08	)	$	0.06
Securities excluded from weighted-average shares used in computing diluted net (loss) income per share because the effect would have been anti-dilutive (2)		4,236			202

⁽¹⁾ Diluted net loss per share for the three months ended September 30, 2022 does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net losses incurred. The assumed issuance of any additional shares would be anti-dilutive.

⁽²⁾ These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future.