Quarterly report pursuant to Section 13 or 15(d)

NET INCOME PER SHARE

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NET INCOME PER SHARE
 6 Months Ended
Dec. 31, 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 December 31, Six Months Ended December 31,
2024 2023 2024 2023
Numerator:
Net income $ 824,527  $ 582,534  $ 1,770,378  $ 1,323,909 
Denominator:
Weighted-average shares - basic, excluding unvested RSUs 133,327  135,539  133,730  135,976 
Effect of dilutive RSUs and options 599  715  685  708 
Weighted-average shares - diluted 133,926  136,254  134,415  136,684 
Basic net income per share $ 6.18  $ 4.30  $ 13.24  $ 9.74 
Diluted net income per share $ 6.16  $ 4.28  $ 13.17  $ 9.69 
Anti-dilutive securities excluded from the computation of diluted net income per share 145  —  36  —