The calculations of basic and diluted earnings per common share for the years ended June 30, 2026, 2025 and 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | Years Ended June 30, | | (in millions, except per share data) | | 2026 | | 2025 | | 2024 | | Net income | | $ | 529.8 | | | $ | 376.0 | | | $ | 186.5 | | | Dividends allocated to participating securities | | (0.2) | | | (0.2) | | | (0.3) | | | | | | | | | | Earnings available for common stockholders used in calculation of basic earnings per common share | | $ | 529.6 | | | $ | 375.8 | | | $ | 186.2 | | | | | | | | | | Weighted average number of common shares outstanding, basic | | 50.0 | | | 50.2 | | | 49.7 | | | | | | | | | | Basic earnings per common share | | $ | 10.59 | | | $ | 7.50 | | | $ | 3.75 | | | | | | | | | | Net income | | $ | 529.8 | | | $ | 376.0 | | | $ | 186.5 | | | Dividends allocated to participating securities | | (0.2) | | | (0.2) | | | (0.3) | | | | | | | | | | Earnings available for common stockholders used in calculation of diluted earnings per common share | | $ | 529.6 | | | $ | 375.8 | | | $ | 186.2 | | | | | | | | | | Weighted average number of common shares outstanding, basic | | 50.0 | | | 50.2 | | | 49.7 | | | Effect of shares issuable under share-based compensation plans | | 0.4 | | | 0.5 | | | 0.6 | | | | | | | | | | Weighted average number of common shares outstanding, diluted | | 50.4 | | | 50.7 | | | 50.3 | | | | | | | | | | Diluted earnings per common share | | $ | 10.52 | | | $ | 7.42 | | | $ | 3.70 | |
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