Earnings Per Share

6 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per share

The following table presents a reconciliation of the numerator and denominator of basic and diluted earnings per share for the three and six months ended December 31, 2013 and 2012.

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2013		2012		2013		2012
Numerator:
Net income attributable to common shareholders	$	253,288	$	180,962	$	497,604	$	420,703
Denominator:
Basic - weighted average common shares	149,153,599		149,001,273		149,195,452		149,143,561
Increase in weighted average common shares from dilutive effect of equity-based awards	2,997,425		3,197,431		2,547,937		2,874,464
Diluted - weighted average common shares, assuming exercise of equity-based awards	152,151,024		152,198,704		151,743,389		152,018,025
Basic earnings per share	$	1.70	$	1.21	$	3.34	$	2.82
Diluted earnings per share	$	1.66	$	1.19	$	3.28	$	2.77

For the three months ended December 31, 2013 and 2012, 350,129 and 1,079,590 common shares subject to equity-based awards, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the six months ended December 31, 2013 and 2012, 1,188,562 and 917,305 common shares subject to equity-based awards, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.