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

3 Months Ended

Sep. 30, 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 September 30,
(In thousands, except per share amounts)	2016		2015
Numerator:
Net income	$	178,101	$	104,897
Denominator:
Weighted-average shares-basic, excluding unvested restricted stock units	156,129		156,820
Effect of dilutive restricted stock units and options⁽¹⁾	892		1,164
Weighted-average shares-diluted	157,021		157,984
Basic net income per share	$	1.14	$	0.67
Diluted net income per share	$	1.13	$	0.66
Anti-dilutive securities excluded from the computation of diluted net income per share	45		307

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(1) There were no outstanding stock options as of September 30, 2016.