Basic and diluted earnings per share attributable to the Company’s common stockholders are presented using the two-class method required for participating securities. Under the two-class method, net income attributable to the Company’s common stockholders is determined by allocating undistributed earnings between common stock and participating securities. Undistributed earnings for the periods presented are calculated as net income less distributed earnings. Undistributed earnings are allocated proportionally to the Company’s common Class A and Class B stockholders as both classes are entitled to share equally, on a per share basis, in dividends and other distributions. Basic and diluted earnings per share are calculated by dividing net income attributable to the Company’s common stockholders by the weighted-average shares outstanding during the period.

The following table sets forth basic and diluted earnings per share attributable to the Company’s common stockholders for the periods presented (in millions, except per share data):


	Fiscal Year
	2025		2024		2023
Basic and diluted earnings per share
Numerator
Earnings attributable to common Class A and Class B stockholders	$	222.8	$	392.7	$	39.6
Denominator
Weighted-average common shares used in computing earnings per share:
Basic	414.1		421.4		429.4
Effect of dilutive share-based awards	11.7		9.6		2.6
Diluted	425.8		431.0		432.0
Anti-dilutive share-based awards excluded from diluted common shares	0.6		6.8		11.1
Earnings per share attributable to common Class A and Class B stockholders:
Basic	$	0.54	$	0.93	$	0.09
Diluted	$	0.52	$	0.91	$	0.09