Earnings per share

9 Months Ended

Mar. 31, 2024

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 nine months ended March 31, 2024 and 2023.

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2024		2023		2024		2023
Numerator:
Net income attributable to common shareholders	$	726,574	$	590,889	$	2,059,252	$	1,373,980
Denominator:
Basic - weighted average common shares	128,502,829		128,293,039		128,467,209		128,343,788
Increase in weighted average common shares from dilutive effect of equity-based awards	2,090,197		1,858,448		1,702,122		1,488,201
Diluted - weighted average common shares, assuming exercise of equity-based awards	130,593,026		130,151,487		130,169,331		129,831,989
Basic earnings per share	$	5.65	$	4.61	$	16.03	$	10.71
Diluted earnings per share	$	5.56	$	4.54	$	15.82	$	10.58

For the three months ended March 31, 2024 and 2023, 113,956 and 124,025 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, 2024 and 2023, 400,506 and 1,011,006 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.