Earnings per share

9 Months Ended

Mar. 31, 2021

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, 2021 and 2020.


	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2021		2020		2021		2020
Numerator:
Net income attributable to common shareholders	$	471,647	$	367,253	$	1,240,362	$	910,625
Denominator:
Basic - weighted average common shares	129,085,563		128,289,720		128,935,696		128,383,549
Increase in weighted average common shares from dilutive effect of equity-based awards	2,292,370		1,456,827		1,690,904		1,479,266
Diluted - weighted average common shares, assuming exercise of equity-based awards	131,377,933		129,746,547		130,626,600		129,862,815

Basic earnings per share	$	3.65	$	2.86	$	9.62	$	7.09
Diluted earnings per share	$	3.59	$	2.83	$	9.50	$	7.01

For the three months ended March 31, 2021 and 2020, 133 and 753,028 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, 2021 and 2020, 589,364 and 516,067 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.