Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v2.4.1.9
Net Income Per Share
 9 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Net Income Per Share
NOTE 10 – 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 the Company’s outstanding dilutive stock options and restricted stock units had been issued. The dilutive effect of outstanding options and restricted stock units is reflected in diluted net income per share by application of the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that is to be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares.
The following table sets forth the computation of basic and diluted net income per share:
(In thousands, except per share amounts)
Three months ended
March 31,
 
Nine months ended
March 31,
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net income
$
131,638

 
$
203,581

 
$
224,139

 
$
454,024

Denominator:
 
 
 
 
 
 
 
Weighted-average shares-basic, excluding unvested restricted stock units
161,559

 
166,253

 
163,494

 
166,184

Effect of dilutive options and restricted stock units
1,235

 
1,736

 
1,436

 
2,171

Weighted-average shares-diluted
162,794

 
167,989

 
164,930

 
168,355

Basic net income per share
$
0.81

 
$
1.22

 
$
1.37

 
$
2.73

Diluted net income per share
$
0.81

 
$
1.21

 
$
1.36

 
$
2.70

Anti-dilutive securities excluded from the computation of diluted net income per share
245

 
—

 
32

 
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