v3.26.1
Earnings Per Share
12 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
We compute basic earnings per share by dividing the net income available to common stockholders by the weighted average number of shares of common stock outstanding. For purposes of calculating diluted earnings per share, the denominator includes both the weighted average number of shares of common stock outstanding and the number of dilutive common stock equivalents such as stock options and restricted stock units. The weighted average number of outstanding stock options and restricted stock units not included in the computation of diluted earnings per share were 96,152, 154,567 and 603,859 for the years ended June 30, 2026, 2025 and 2024, respectively, as the effect would have been anti-dilutive.
Basic and diluted earnings per share for the years ended June 30, 2026, 2025 and 2024 are calculated as follows (in thousands except per share data):
202620252024
Numerator:
Net income$1,523,293 $1,400,723 $1,020,951 
Denominator:
Basic weighted-average common shares outstanding145,523 146,716 147,021 
Effect of dilutive securities:
Stock options and restricted stock units531 624 529 
Diluted weighted average shares 146,054 147,340 147,550 
Basic earnings per share$10.47 $9.55 $6.94 
Diluted earnings per share$10.43 $9.51 $6.92