NET INCOME PER SHARE

12 Months Ended

Jun. 30, 2022

Basic net income per share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated by using the weighted-average number of common shares outstanding during the period, increased to include the number of additional shares of common stock that would have been outstanding if the shares of common stock underlying our outstanding dilutive RSUs had been issued. The dilutive effect of outstanding RSUs is reflected in diluted net income per share by application of the treasury stock method. In addition, the shares delivered under the ASR Agreements discussed in Note 11 “Stock Repurchase Program” resulted in a reduction of outstanding shares used to determine our weighted-average common shares outstanding for purposes of calculating basic and diluted earnings per share.

The following table sets forth the computation of basic and diluted net income per share attributable to KLA:


(In thousands, except per share amounts)	Year Ended June 30,
	2022		2021		2020
Numerator:
Net income attributable to KLA	$	3,321,807	$	2,078,292	$	1,216,785
Denominator:
Weighted-average shares-basic, excluding unvested RSUs	150,494		154,086		156,797
Effect of dilutive RSUs and options	1,061		1,351		1,208
Weighted-average shares-diluted	151,555		155,437		158,005
Basic net income per share attributable to KLA	$	22.07	$	13.49	$	7.76
Diluted net income per share attributable to KLA	$	21.92	$	13.37	$	7.70
Anti-dilutive securities excluded from the computation of diluted net income per share	7		11		22