KLA Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

Net Income Per Share

9 Months Ended

Mar. 31, 2016

NOTE 9 – 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 restricted stock units and stock options had been issued. The dilutive effect of outstanding restricted stock units and options 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,
(In thousands, except per share amounts)	2016		2015		2016		2015
Numerator:
Net income	$	175,777	$	131,638	$	432,881	$	224,139
Denominator:
Weighted-average shares-basic, excluding unvested restricted stock units	155,690		161,559		155,921		163,494
Effect of dilutive options and restricted stock units	739		1,235		876		1,436
Weighted-average shares-diluted	156,429		162,794		156,797		164,930
Basic net income per share	$	1.13	$	0.81	$	2.78	$	1.37
Diluted net income per share	$	1.12	$	0.81	$	2.76	$	1.36
Anti-dilutive securities excluded from the computation of diluted net income per share	—		245		137		32