Basic and Diluted Earnings per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Basic and Diluted Earnings per Share

NOTE 6. BASIC AND DILUTED EARNINGS PER SHARE

Diluted earnings attributable to shareholders per share is computed using the weighted average number of common shares and dilutive potential common shares outstanding. Dilutive potential shares represent outstanding stock options, including purchase options under the Company's employee stock purchase plan and unvested RSUs. Basic earnings attributable to shareholders per share is calculated using the weighted average number of common shares outstanding without taking into consideration dilutive potential common shares outstanding.

The following table reconciles the numerator and the denominator of the basic and diluted per share computations for earnings attributable to shareholders.

	Net earnings attributable to shareholders		Weighted average shares		Earnings per share
2023
Basic earnings attributable to shareholders	$	752,883		149,141	$	5.05
Effect of dilutive potential common shares		—		1,045		—
Diluted earnings attributable to shareholders	$	752,883		150,186	$	5.01
2022
Basic earnings attributable to shareholders	$	1,357,399		163,010	$	8.33
Effect of dilutive potential common shares		—		1,417		—
Diluted earnings attributable to shareholders	$	1,357,399		164,427	$	8.26
2021
Basic earnings attributable to shareholders	$	1,415,492		169,145	$	8.37
Effect of dilutive potential common shares		—		2,105		—
Diluted earnings attributable to shareholders	$	1,415,492		171,250	$	8.27

Potential common shares of 771 and 1,072 were excluded from the computation of diluted earnings per share because the effect would have been antidilutive in 2023 and 2022, respectively. Substantially all outstanding potential common shares in 2021 were dilutive.