Basic and Diluted Earnings per Share

3 Months Ended

Mar. 31, 2025

Note 3. 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 restricted stock units. 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 March 31,
	2025		2024
Numerator:
Net earnings attributable to shareholders	$	203,795		169,152
Denominator:
Weighted-average basic shares outstanding		137,833		143,194
Effect of dilutive share-based awards		602		931
Weighted-average diluted shares		138,435		144,125
Basic earnings per share	$	1.48	$	1.18
Diluted earnings per share	$	1.47	$	1.17

Substantially all outstanding potential common shares as of March 31, 2025 and 2024 were dilutive.