Quarterly report pursuant to Section 13 or 15(d)

NET INCOME PER SHARE

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NET INCOME PER SHARE
 3 Months Ended
Sep. 30, 2024
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 shares of common stock outstanding during the period. Diluted net income per share is calculated by using the weighted-average number of shares of common stock 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.
The following table sets forth the computation of basic and diluted net income per share:
(In thousands, except per share amounts) Three Months Ended September 30,
2024 2023
Numerator:
Net income $ 945,851  $ 741,375 
Denominator:
Weighted-average shares - basic, excluding unvested RSUs 134,134  136,412 
Effect of dilutive RSUs and options 724  692 
Weighted-average shares - diluted 134,858  137,104 
Basic net income per share $ 7.05  $ 5.43 
Diluted net income per share $ 7.01  $ 5.41 
Anti-dilutive securities excluded from the computation of diluted net income per share 29  123