Basic and Diluted Earnings per Share

6 Months Ended

Jun. 30, 2026

Note 4. Basic and Diluted Earnings per Share

Diluted earnings attributable to shareholders per share is computed using the weighted average number of common shares and dilutive potential common shares outstanding. Dilutive potential shares represent outstanding stock options, including purchase options under the Company's employee stock purchase plan, and unvested restricted stock units. Basic earnings attributable to shareholders per share is calculated using the weighted average number of common shares outstanding without taking into consideration dilutive potential common shares outstanding.

The following table reconciles the numerator and the denominator of the basic and diluted per share computations for earnings attributable to shareholders:


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
Numerator:
Net earnings attributable to shareholders	$	266,226	$	183,574	$	495,836	$	387,369
Denominator:
Weighted-average basic shares outstanding		130,953		136,266		132,241		137,045
Effect of dilutive share-based awards		419		365		483		492
Weighted-average diluted shares		131,372		136,631		132,724		137,537
Basic earnings per share	$	2.03	$	1.35	$	3.75	$	2.83
Diluted earnings per share	$	2.03	$	1.34	$	3.74	$	2.82

For the three and six months ended June 30, 2026 and 2025, substantially all outstanding potential common shares were dilutive.