Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.8.0.1
Net Income Per Share (Tables)
 9 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income (Loss) Per Share
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,
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income
$
306,881

 
$
253,562

 
$
453,498

 
$
669,914

Denominator:
 
 
 
 
 
 
 
Weighted-average shares-basic, excluding unvested restricted stock units
156,221

 
156,749

 
156,547

 
156,402

Effect of dilutive restricted stock units and options(1)
980

 
997

 
992

 
895

Weighted-average shares-diluted
157,201

 
157,746

 
157,539

 
157,297

Basic net income per share
$
1.96

 
$
1.62

 
$
2.90

 
$
4.28

Diluted net income per share
$
1.95

 
$
1.61

 
$
2.88

 
$
4.26

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

 
—

 
2

 
6


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