Earnings per share

3 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Earnings per share

Earnings per shareThe following table presents a reconciliation of the numerator and denominator of basic and diluted earnings per share for the three months ended September 30, 2023 and 2022.

	Three Months Ended
	September 30,
	2023		2022
Numerator:
Net income attributable to common shareholders	$	650,827	$	387,854
Denominator:
Basic - weighted average common shares	128,472,550		128,425,002
Increase in weighted average common shares from dilutive effect of equity-based awards	1,890,891		1,517,406
Diluted - weighted average common shares, assuming exercise of equity-based awards	130,363,441		129,942,408
Basic earnings per share	$	5.07	$	3.02
Diluted earnings per share	$	4.99	$	2.98

For the three months ended September 30, 2023 and 2022, 172,255 and 887,307 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.