KLA Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

NET INCOME PER SHARE

NET INCOME PER SHARE

12 Months Ended

Jun. 30, 2020

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 restricted stock units had been issued. The dilutive effect of outstanding restricted stock units is reflected in diluted net income per share by application of the treasury stock method.

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,
			2020			2019			2018
Numerator:
Net income attributable to KLA	$	1,216,785		$	1,175,617		$	802,265
Denominator:
Weighted-average shares-basic, excluding unvested restricted stock units	156,797			156,053			156,346
Effect of dilutive restricted stock units and options	1,208			896			1,032
Weighted-average shares-diluted	158,005			156,949			157,378
Basic net income per share attributable to KLA	$	7.76		$	7.53		$	5.13
Diluted net income per share attributable to KLA	$	7.70		$	7.49		$	5.10
Anti-dilutive securities excluded from the computation of diluted net income per share	22			227			—