Earnings Per Share (Notes)

6 Months Ended

Dec. 31, 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 and six months ended December 31, 2015 and 2014.



	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2015		2014		2015		2014
Numerator:
Net income attributable to common shareholders	$	182,982	$	267,252	$	377,960	$	547,341
Denominator:
Basic - weighted average common shares	135,373,356		145,493,247		136,108,930		147,116,038
Increase in weighted average common shares from dilutive effect of equity-based awards	1,692,091		2,689,530		1,679,289		2,347,242
Diluted - weighted average common shares, assuming exercise of equity-based awards	137,065,447		148,182,777		137,788,219		149,463,280
Basic earnings per share	$	1.35	$	1.84	$	2.78	$	3.72
Diluted earnings per share	$	1.33	$	1.80	$	2.74	$	3.66

For the three months ended December 31, 2015 and 2014, 3,534,042 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. For the six months ended December 31, 2015 and 2014, 2,894,106 and 1,004,789 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.