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Net Income Per Share
9 Months Ended
Mar. 31, 2021
Net Income Per Share  
Net Income Per Share

(12)  Net Income Per Share

Basic net income per common share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted-average number of common shares outstanding during the period and, if dilutive, potential common shares outstanding during the period. The Company’s potential common shares consist of the incremental common shares issuable upon the exercise of stock options, the release of restricted stock units and market share units, and the shares purchasable via the employee stock purchase plan as of the balance sheet date. The following table presents the calculation of basic and diluted net income per share:

Three Months Ended

Nine Months Ended

March 31, 

March 31, 

    

2020

    

2021

    

2020

    

2021

 

Numerator:

Net income

$

40,132

$

36,834

$

59,505

$

58,936

Denominator:

Weighted-average shares used in computing net income per share:

Basic

 

53,629

 

54,415

 

53,486

 

54,244

Weighted-average effect of potentially dilutive shares:

Employee stock options, restricted stock units, market share units and employee stock purchase plan shares

2,324

1,999

2,274

2,094

Diluted

 

55,953

 

56,414

 

55,760

 

56,338

Net income per share:

Basic

$

0.75

$

0.68

$

1.11

$

1.09

Diluted

$

0.72

$

0.65

$

1.07

$

1.05

The Company excluded 6 and 1 outstanding RSUs from the diluted per share calculations during the three months ended March 31, 2020 and 2021, respectively, and 17 and 13 outstanding RSUs from the diluted per share calculations during the nine months ended March 31, 2020 and 2021, respectively, because to include them would have been anti-dilutive.