Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.8.0.1
Net Income (Loss) Per Share
 6 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
NOTE 10 – NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share is calculated by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) 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. The dilutive securities are excluded from the computation of diluted net loss per share when a net loss is recorded for the period as their effect would be anti-dilutive.
The following table sets forth the computation of basic and diluted net income (loss) per share:
(In thousands, except per share amounts)
Three months ended
December 31,
 
Six months ended
December 31,
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
(134,319
)
 
$
238,251

 
$
146,617

 
$
416,352

Denominator:
 
 
 
 
 
 
 
Weighted-average shares-basic, excluding unvested restricted stock units
156,587

 
156,335

 
156,707

 
156,232

Effect of dilutive restricted stock units and options(1)
—

 
788

 
981

 
839

Weighted-average shares-diluted
156,587

 
157,123

 
157,688

 
157,071

Basic net income (loss) per share
$
(0.86
)
 
$
1.52

 
$
0.94

 
$
2.66

Diluted net income (loss) per share
$
(0.86
)
 
$
1.52

 
$
0.93

 
$
2.65

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

 
2

 
—

 
56


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(1) The Company has not had any outstanding stock options since August 2016.