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Basic and Diluted Earnings per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Share

NOTE 6. 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

   Net earnings attributable to shareholders

 

$

810,073

 

 

$

752,883

 

 

$

1,357,399

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

   Weighted-average basic shares outstanding

 

 

140,992

 

 

 

149,141

 

 

 

163,010

 

 

   Effect of dilutive share-based awards

 

 

730

 

 

 

1,045

 

 

 

1,417

 

 

   Weighted-average diluted shares

 

 

141,722

 

 

 

150,186

 

 

 

164,427

 

 

Basic earnings per share

 

$

5.75

 

 

$

5.05

 

 

$

8.33

 

 

Diluted earnings per share

 

$

5.72

 

 

$

5.01

 

 

$

8.26

 

Potential common shares of 696, 771 and 1,072 were excluded from the computation of diluted earnings per share because the effect would have been antidilutive in 2024, 2023 and 2022, respectively.