Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.10.0.1
Net Income Per Share
 3 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Income Per Share
NOTE 11 – 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 had been issued. The dilutive effect of outstanding restricted stock units is reflected in diluted net income per share by application of the treasury stock method.
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,
2018
 
2017
Numerator:
 
 
 
Net income
$
395,944

 
$
280,936

Denominator:
 
 
 
Weighted-average shares-basic, excluding unvested restricted stock units
155,221

 
156,826

Effect of dilutive restricted stock units and options
862

 
1,020

Weighted-average shares-diluted
156,083

 
157,846

Basic net income per share
$
2.55

 
$
1.79

Diluted net income per share
$
2.54

 
$
1.78

Anti-dilutive securities excluded from the computation of diluted net income per share
207

 
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