(Loss) Earnings Per Share

12 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

(Loss) Earnings Per Share

3.(LOSS) EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted net (loss) income per share on the consolidated statements of operations:

	Fiscal Year Ended June 30,
	2024			2023			2022
Numerator:
Net (loss) income	$	(75,042	)	$	(116,537	)	$	77,873
Denominator:
Basic weighted average shares outstanding		89,750			89,396			92,989
Effect of dilutive stock options, unvested restricted share units and unvested performance share units		—			—			356
Diluted weighted average shares outstanding		89,750			89,396			93,345
Basic net (loss) income per common share	$	(0.84	)	$	(1.30	)	$	0.84
Diluted net (loss) income per common share	$	(0.84	)	$	(1.30	)	$	0.83

Due to the Company's net loss in each of the twelve months ended June 30, 2024 and June 30, 2023, all common stock equivalents such as stock options, unvested restricted share units and performance share units have been excluded from the computation of diluted net loss per share. The effect of the stock options and unvested restricted share units would have been anti-dilutive to the computations. The performance share units were contingently issuable based on market conditions and such conditions had not been achieved during the year.

There were 316 restricted share units excluded from the Company’s calculation of diluted net income per share for fiscal year 2022, as such awards were anti-dilutive.

Additionally, 214 performance share units were excluded from the calculation of diluted net income per share for fiscal year 2022, as such awards were contingently issuable based on market or performance conditions, and such conditions had not been achieved during the year.