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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2024
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, 

    

2024

    

2023

    

2024

    

2023

Numerator (basic and diluted):

 

  

 

  

 

  

 

  

Net income

$

622,848

$

627,365

$

1,170,086

$

1,144,250

Denominator:

 

  

 

  

 

  

 

  

Weighted-average common shares outstanding – basic

 

58,679

 

60,817

 

58,849

 

61,324

Effect of stock options (1)

 

365

 

549

 

401

 

554

Weighted-average common shares outstanding – assuming dilution

 

59,044

 

61,366

 

59,250

 

61,878

Earnings per share:

 

  

 

  

 

  

 

  

Earnings per share-basic

$

10.61

$

10.32

$

19.88

$

18.66

Earnings per share-assuming dilution

$

10.55

$

10.22

$

19.75

$

18.49

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

 

  

 

  

 

  

 

  

Stock options (1)

 

123

 

79

 

124

 

88

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

$

968.26

$

825.99

$

947.72

$

808.19

(1)See Note 12 for further information concerning the terms of the Company’s share-based compensation plans.