Earnings per share

3 Months Ended

Sep. 30, 2020

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, 2020 and 2019.



	Three Months Ended
	September 30,
	2020		2019
Numerator:
Net income attributable to common shareholders	$	321,409	$	338,898
Denominator:
Basic - weighted average common shares	128,707,745		128,463,992
Increase in weighted average common shares from dilutive effect of equity-based awards	1,586,478		1,666,084
Diluted - weighted average common shares, assuming exercise of equity-based awards	130,294,223		130,130,076

Basic earnings per share	$	2.50	$	2.64
Diluted earnings per share	$	2.47	$	2.60

For the three months ended September 30, 2020 and 2019, 530,438 and 1,097,639 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.