Earnings Per Share (Notes)

3 Months Ended

Sep. 30, 2015

Earnings per share

The following table presents a reconciliation of the numerator and denominator of basic and diluted earnings per share for the three months ended September 30, 2015 and 2014.



	Three Months Ended
	September 30,
	2015		2014
Numerator:
Net income attributable to common shareholders	$	194,978	$	280,089
Denominator:
Basic - weighted average common shares	136,844,504		148,738,828
Increase in weighted average common shares from dilutive effect of equity-based awards	1,730,404		2,334,807
Diluted - weighted average common shares, assuming exercise of equity-based awards	138,574,908		151,073,635
Basic earnings per share	$	1.42	$	1.88
Diluted earnings per share	$	1.41	$	1.85

For the three months ended September 30, 2015 and 2014, 2,350,730 and 873,214 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.