Earnings per share (Tables)

6 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

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.