Earnings per share

6 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings per share

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, 2022 and 2021.

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2022		2021		2022		2021
Numerator:
Net income attributable to common shareholders	$	395,237	$	387,600	$	783,091	$	838,757
Denominator:
Basic - weighted average common shares	128,313,322		128,493,725		128,369,162		128,610,223
Increase in weighted average common shares from dilutive effect of equity-based awards	1,731,691		2,087,940		1,592,534		1,974,989
Diluted - weighted average common shares, assuming exercise of equity-based awards	130,045,013		130,581,665		129,961,696		130,585,212
Basic earnings per share	$	3.08	$	3.02	$	6.10	$	6.52
Diluted earnings per share	$	3.04	$	2.97	$	6.03	$	6.42

For the three months ended December 31, 2022 and 2021, 1,075,737 and 440,106 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, 2022 and 2021, 983,648 and 330,977 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.