The components of basic and diluted net income per Class A common share were as follows (in millions, except per share data): | | | | | | | | | | | | | | | | | | | Fiscal
2025 | | Fiscal
2024 | | Fiscal
2023 | | Basic net income per Class A common share | | | | | | | Net income | $ | 217.4 | | | $ | 958.6 | | | $ | 1,296.0 | | | | | | | | | Accrued dividends on Convertible Preferred Stock | — | | | — | | | (0.3) | | | Earnings allocated to Convertible Preferred Stock | — | | | — | | | (0.7) | | | Net income allocated to Class A common stockholders - Basic | $ | 217.4 | | | $ | 958.6 | | | $ | 1,295.0 | | | | | | | | | Weighted average Class A common shares outstanding - Basic (1) | 545.2 | | | 580.1 | | | 575.4 | | | | | | | | | Basic net income per Class A common share | $ | 0.40 | | | $ | 1.65 | | | $ | 2.25 | | | | | | | | | Diluted net income per Class A common share | | | | | | | Net income allocated to Class A common stockholders - Basic | $ | 217.4 | | | $ | 958.6 | | | $ | 1,295.0 | | | Accrued dividends on Convertible Preferred Stock | — | | | — | | | — | | | Earnings allocated to Convertible Preferred Stock | — | | | — | | | — | | | Net income allocated to Class A common stockholders - Diluted | $ | 217.4 | | | $ | 958.6 | | | $ | 1,295.0 | | | | | | | | | Weighted average Class A common shares outstanding - Basic (1) | 545.2 | | | 580.1 | | | 575.4 | | | Dilutive effect of: | | | | | | | Restricted stock units and awards | 2.0 | | | 3.7 | | | 5.7 | | | Convertible Preferred Stock (2) | — | | | — | | | — | | | Weighted average Class A common shares outstanding - Diluted (3) | 547.2 | | | 583.8 | | | 581.1 | | | | | | | | | Diluted net income per Class A common share | $ | 0.40 | | | $ | 1.64 | | | $ | 2.23 | |
(1) Fiscal 2025, fiscal 2024 and fiscal 2023 include 2.3 million, 2.3 million and 3.0 million Class A common shares remaining to be issued, respectively. (2) Reflects the number of shares of Convertible Preferred Stock issued, if converted into common stock for the period outstanding. For fiscal 2023, 0.3 million potential common shares outstanding related to Convertible Preferred Stock were antidilutive. (3) The number of potential Class A common shares outstanding related to RSUs and RSAs that were antidilutive for fiscal 2025, fiscal 2024 and fiscal 2023 were not material.
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