Earnings per share

9 Months Ended

Mar. 31, 2023

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, 2023 and 2022.


	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2023		2022		2023		2022
Numerator:
Net income attributable to common shareholders	$	590,889	$	348,017	$	1,373,980	$	1,186,774
Denominator:
Basic - weighted average common shares	128,293,039		128,426,675		128,343,788		128,549,040
Increase in weighted average common shares from dilutive effect of equity-based awards	1,858,448		1,916,906		1,488,201		1,889,553
Diluted - weighted average common shares, assuming exercise of equity-based awards	130,151,487		130,343,581		129,831,989		130,438,593

Basic earnings per share	$	4.61	$	2.71	$	10.71	$	9.23
Diluted earnings per share	$	4.54	$	2.67	$	10.58	$	9.10

For the three months ended March 31, 2023 and 2022, 124,025 and 493,609 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, 2023 and 2022, 1,011,006 and 384,955 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.