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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share  
Computation of basic and diluted earnings per share

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

    

2022

    

2021

    

2022

    

2021

Numerator (basic and diluted):

 

  

 

  

 

  

 

  

Net income

$

576,760

$

585,451

$

1,058,640

$

1,087,060

Denominator:

 

  

 

  

 

  

 

  

Weighted-average common shares outstanding – basic

 

65,116

 

69,618

 

65,840

 

69,997

Effect of stock options (1)

 

570

 

646

 

594

 

643

Weighted-average common shares outstanding – assuming dilution

 

65,686

 

70,264

 

66,434

 

70,640

Earnings per share:

 

  

 

  

 

  

 

  

Earnings per share-basic

$

8.86

$

8.41

$

16.08

$

15.53

Earnings per share-assuming dilution

$

8.78

$

8.33

$

15.94

$

15.39

Antidilutive potential common shares not included in the calculation of diluted earnings per share:

 

  

 

  

 

  

 

  

Stock options (1)

 

135

 

122

 

133

 

187

Weighted-average exercise price per share of antidilutive stock options (1)

$

656.05

$

463.76

$

656.62

$

449.20

(1)See Note 10 for further information concerning the terms of the Company’s share-based compensation plans.