Basic and diluted 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 six months ended December 31, 2021 and 2020. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | December 31, | | December 31, | | 2021 | | 2020* | | 2021 | | 2020* | Numerator: | | | | | | | | Net income attributable to common shareholders | $ | 387,600 | | | $ | 448,351 | | | $ | 838,757 | | | $ | 768,154 | | Denominator: | | | | | | | | Basic - weighted average common shares | 128,493,725 | | | 129,013,781 | | | 128,610,223 | | | 128,860,763 | | Increase in weighted average common shares from dilutive effect of equity-based awards | 2,087,940 | | | 2,061,874 | | | 1,974,989 | | | 1,621,801 | | Diluted - weighted average common shares, assuming exercise of equity-based awards | 130,581,665 | | | 131,075,655 | | | 130,585,212 | | | 130,482,564 | | | | | | | | | | Basic earnings per share | $ | 3.02 | | | $ | 3.48 | | | $ | 6.52 | | | $ | 5.96 | | Diluted earnings per share | $ | 2.97 | | | $ | 3.42 | | | $ | 6.42 | | | $ | 5.89 | | | | | | | | | | *Prior period has been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2021 Annual Report on Form 10-K. |
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