Basic and diluted earnings per share is computed using the two-class method. The two-class method is an earnings allocation formula that determines net income per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Per share amounts are computed by dividing net income from continuing operations attributable to common shareholders by the weighted average shares outstanding during each period.


(in 000s, except per share amounts)
Year ended June 30,	2025		2024		2023
Net income from continuing operations attributable to shareholders	$	609,450	$	597,963	$	561,800
Amounts allocated to participating securities	(2,771)		(2,390)		(2,272)
Net income from continuing operations attributable to common shareholders	$	606,679	$	595,573	$	559,528

Basic weighted average common shares	135,629		141,932		154,044
Potential dilutive shares	1,711		1,958		3,204
Dilutive weighted average common shares	137,340		143,890		157,248

Earnings per share from continuing operations attributable to common shareholders:
Basic	$	4.47	$	4.20	$	3.63
Diluted	4.42		4.14		3.56

Diluted earnings per share excludes the impact of shares of common stock issuable upon the lapse of certain restrictions or the exercise of options to purchase 0.3 million, 0.1 million and 0.6 million shares of stock for fiscal years 2025, 2024 and 2023, respectively, as the effect would be antidilutive.