Earnings Per Share

9 Months Ended

Mar. 31, 2014

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 nine months ended March 31, 2014 and 2013.

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2014		2013		2014		2013
Numerator:
Net income attributable to common shareholders	$	242,406	$	256,560	$	740,010	$	677,263
Denominator:
Basic - weighted average common shares	149,039,529		149,287,628		149,143,478		149,191,583
Increase in weighted average common shares from dilutive effect of equity-based awards	2,700,088		3,072,984		2,418,798		2,661,939
Diluted - weighted average common shares, assuming exercise of equity-based awards	151,739,617		152,360,612		151,562,276		151,853,522
Basic earnings per share	$	1.63	$	1.72	$	4.96	$	4.54
Diluted earnings per share	$	1.60	$	1.68	$	4.88	$	4.46

For the three months ended March 31, 2014 and 2013, 375,282 and 345,779 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 nine months ended March 31, 2014 and 2013, 1,265,717 and 1,160,648 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.