KLA Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

Net Income Per Share

6 Months Ended

Dec. 31, 2016

NOTE 9 – 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 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 following table sets forth the computation of basic and diluted net income per share:



(In thousands, except per share amounts)	Three months ended December 31,				Six months ended December 31,
(In thousands, except per share amounts)	2016		2015		2016		2015
Numerator:
Net income	$	238,251	$	152,207	$	416,352	$	257,104
Denominator:
Weighted-average shares-basic, excluding unvested restricted stock units	156,335		155,252		156,232		156,036
Effect of dilutive restricted stock units and options ⁽¹⁾	788		744		839		935
Weighted-average shares-diluted	157,123		155,996		157,071		156,971
Basic net income per share	$	1.52	$	0.98	$	2.66	$	1.65
Diluted net income per share	$	1.52	$	0.98	$	2.65	$	1.64
Anti-dilutive securities excluded from the computation of diluted net income per share	2		139		56		182

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(1) The Company has no t had any outstanding stock options since August 2016.