Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.7.0.1
Net Income Per Share (Tables)
9 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income 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,
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income
$
253,562

 
$
175,777

 
$
669,914

 
$
432,881

Denominator:
 
 
 
 
 
 
 
Weighted-average shares-basic, excluding unvested restricted stock units
156,749

 
155,690

 
156,402

 
155,921

Effect of dilutive restricted stock units and options(1)
997

 
739

 
895

 
876

Weighted-average shares-diluted
157,746

 
156,429

 
157,297

 
156,797

Basic net income per share
$
1.62

 
$
1.13

 
$
4.28

 
$
2.78

Diluted net income per share
$
1.61

 
$
1.12

 
$
4.26

 
$
2.76

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

 

 
6

 
137


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