Basic and Diluted Earnings per Share

6 Months Ended

Jun. 30, 2025

Note 4. Basic and Diluted Earnings per Share

Diluted earnings attributable to shareholders per share is computed using the weighted average number of common shares and dilutive potential common shares outstanding. Dilutive potential shares represent outstanding stock options, including purchase options under the Company's employee stock purchase plan, and unvested RSUs. Basic earnings attributable to shareholders per share is calculated using the weighted average number of common shares outstanding without taking into consideration dilutive potential common shares outstanding.

The following table reconciles the numerator and the denominator of the basic and diluted per share computations for earnings attributable to shareholders:


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Numerator:
Net earnings attributable to shareholders	$	183,574	$	175,469	$	387,369	$	344,621
Denominator:
Weighted-average basic shares outstanding		136,266		141,013		137,045		142,104
Effect of dilutive share-based awards		365		703		492		824
Weighted-average diluted shares		136,631		141,716		137,537		142,928
Basic earnings per share	$	1.35	$	1.24	$	2.83	$	2.43
Diluted earnings per share	$	1.34	$	1.24	$	2.82	$	2.41

For both the three and six months ended June 30, 2025 and 2024, substantially all outstanding potential common shares were dilutive.