Basic net income per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted-average number of common shares outstanding during the period and, if dilutive, potential common shares outstanding during the period. The Company’s potential common shares consist of the incremental common shares issuable upon the exercise of stock options, the release of restricted stock units and market share units and the shares purchasable via the employee stock purchase plan as of the balance sheet date.


	Year Ended June 30,
	2023		2024		2025
Numerator:
Net income	$	140,822	$	206,766	$	227,127

Denominator:
Weighted-average shares used in computing net income per share:
Basic	55,706		56,214		55,649
Weighted-average effect of potentially dilutive shares:
Employee stock options, restricted stock units, performance stock units and market stock units	890		762		901
Diluted	56,596		56,976		56,550

Net income per share:
Basic	$	2.53	$	3.68	$	4.08
Diluted	$	2.49	$	3.63	$	4.02

The following table summarizes the outstanding restricted stock units and market stock units as of the balance sheet date that were excluded from the diluted per share calculation for the periods presented because to include them would have been anti-dilutive: