Earnings per share

6 Months Ended

Dec. 31, 2023

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, 2023 and 2022.


	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2023		2022		2023		2022
Numerator:
Net income attributable to common shareholders	$	681,851	$	395,237	$	1,332,678	$	783,091
Denominator:
Basic - weighted average common shares	128,426,247		128,313,322		128,449,398		128,369,162
Increase in weighted average common shares from dilutive effect of equity-based awards	1,941,104		1,731,691		1,864,928		1,592,534
Diluted - weighted average common shares, assuming exercise of equity-based awards	130,367,351		130,045,013		130,314,326		129,961,696

Basic earnings per share	$	5.31	$	3.08	$	10.38	$	6.10
Diluted earnings per share	$	5.23	$	3.04	$	10.23	$	6.03

For the three months ended December 31, 2023 and 2022, 458,864 and 1,075,737 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, 2023 and 2022, 344,226 and 983,648 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.