Annual report pursuant to Section 13 and 15(d)

Net Income Per Share (Tables)

v3.10.0.1
Net Income Per Share (Tables)
12 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share
The following table sets forth the computation of basic and diluted net income per share:
(In thousands, except per share amounts)
Year ended June 30,
2018
 
2017
 
2016
Numerator:
 
 
 
 
 
Net income
$
802,265

 
$
926,076

 
$
704,422

Denominator:
 
 
 
 
 
Weighted-average shares-basic, excluding unvested restricted stock units
156,346

 
156,468

 
155,869

Effect of dilutive restricted stock units and options (1)
1,032

 
1,013

 
910

Weighted-average shares-diluted
157,378

 
157,481

 
156,779

Basic net income per share
$
5.13

 
$
5.92

 
$
4.52

Diluted net income per share
$
5.10

 
$
5.88

 
$
4.49

Anti-dilutive securities excluded from the computation of diluted net income per share

 
46

 
9


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(1) The Company has not had any outstanding stock options since August 2016.