v3.26.3
Basic and Diluted Earnings per Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Share

Note 4. Basic and Diluted Earnings per Share

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. 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 RSUs.

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 September 30,

 

 

Nine months ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

   Net earnings attributable to shareholders

 

$

344,512

 

 

$

222,256

 

 

$

840,348

 

 

$

609,625

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

   Weighted-average basic shares outstanding

 

 

129,918

 

 

 

134,956

 

 

 

131,458

 

 

 

136,346

 

   Effect of dilutive share-based awards

 

 

199

 

 

 

329

 

 

 

269

 

 

 

444

 

   Weighted-average diluted shares

 

 

130,117

 

 

 

135,285

 

 

 

131,727

 

 

 

136,790

 

Basic earnings per share

 

$

2.65

 

 

$

1.65

 

 

$

6.39

 

 

$

4.47

 

Diluted earnings per share

 

$

2.65

 

 

$

1.64

 

 

$

6.38

 

 

$

4.46

 

Potential common shares excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive were not material for the three and nine months ended September 30, 2026 and 2025.