Annual report pursuant to Section 13 and 15(d)

NET INCOME PER SHARE

v3.23.2
NET INCOME PER SHARE
 12 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
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” in the fourth quarter of fiscal 2022 and second quarter of fiscal 2023 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 for those respective fiscal years.
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,
2023 2022 2021
Numerator:
Net income attributable to KLA $ 3,387,277  $ 3,321,807  $ 2,078,292 
Denominator:
Weighted-average shares-basic, excluding unvested RSUs 139,483  150,494  154,086 
Effect of dilutive RSUs and options 752  1,061  1,351 
Weighted-average shares-diluted 140,235  151,555  155,437 
Basic net income per share attributable to KLA $ 24.28  $ 22.07  $ 13.49 
Diluted net income per share attributable to KLA $ 24.15  $ 21.92  $ 13.37 
Anti-dilutive securities excluded from the computation of diluted net income per share 8 7 11