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Earnings Per Share
3 Months Ended
Sep. 30, 2013
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 months ended September 30, 2013 and 2012.
 
 
Three Months Ended
 
September 30,
 
2013
 
2012
Numerator:
 
 
 
Net income attributable to common shareholders
$
244,316

 
$
239,741

Denominator:
 
 
 
Basic - weighted average common shares
149,237,306

 
149,285,849

Increase in weighted average common shares from dilutive effect of equity-based awards
2,622,955

 
3,331,261

Diluted - weighted average common shares, assuming exercise of equity-based awards
151,860,261

 
152,617,110

Basic earnings per share
$
1.64

 
$
1.61

Diluted earnings per share
$
1.61

 
$
1.57


For the three months ended September 30, 2013 and 2012, 764,218 and 472,055 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.