Earnings per share (Notes)

9 Months Ended

Mar. 31, 2017

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, 2017 and 2016.



	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2017		2016		2017		2016
Numerator:
Net income attributable to common shareholders	$	238,673	$	187,084	$	690,107	$	565,044
Denominator:
Basic - weighted average common shares	133,232,378		134,809,610		133,410,622		135,675,823
Increase in weighted average common shares from dilutive effect of equity-based awards	2,870,596		1,743,159		2,116,573		1,636,025
Diluted - weighted average common shares, assuming exercise of equity-based awards	136,102,974		136,552,769		135,527,195		137,311,848
Basic earnings per share	$	1.79	$	1.39	$	5.17	$	4.16
Diluted earnings per share	$	1.75	$	1.37	$	5.09	$	4.12

For the three months ended March 31, 2017 and 2016, 717 and 3,087,061 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, 2017 and 2016, 1,608,245 and 3,062,752 common shares subject to equity-based awards, respectively, were excluded from the computation of diluted earning per share because the effect of their exercise would be anti-dilutive.