XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Components of Equity | 9 Months Ended
--- | ---
Sep. 30, 2018
Stockholders' Equity Note [Abstract] |
Components of Equity | Components of Equity The components of equity for the nine months ended September 30, 2018 and 2017 are as follows:
| Shareholders’ equity |  | Noncontrolling interest |  | Total equity
Balance at December 31, 2017 | $ | 1,991,858 |  |  | 2,515 |  |  | 1,994,373 |
Cumulative effect of accounting change | (22,357 | ) |  | (105 | ) |  | (22,462 | )
Exercise of stock options and release of restricted awards, net of shares withheld for employee taxes | 133,060 |  |  | — |  |  | 133,060 |
Issuance of shares under stock purchase plan | 33,292 |  |  | — |  |  | 33,292 |
Shares repurchased under provisions of stock repurchase plans | (555,760 | ) |  | — |  |  | (555,760 | )
Stock compensation expense | 43,171 |  |  | — |  |  | 43,171 |
Net earnings | 438,989 |  |  | 1,224 |  |  | 440,213 |
Other comprehensive loss | (27,135 | ) |  | (994 | ) |  | (28,129 | )
Dividends paid ($0.45 per share) | (79,180 | ) |  |  |  | (79,180 | )
Purchase of noncontrolling interest | (89 | ) |  | (524 | ) |  | (613 | )
Distributions to noncontrolling interest | — |  |  | (633 | ) |  | (633 | )
Balance at September 30, 2018 | $ | 1,955,849 |  |  | 1,483 |  |  | 1,957,332 |
Balance at December 31, 2016 | $ | 1,844,638 |  |  | 2,575 |  |  | 1,847,213 |
Exercise of stock options | 134,014 |  |  | — |  |  | 134,014 |
Issuance of shares under stock purchase plan | 28,767 |  |  |  |  | 28,767 |
Shares repurchased under provisions of stock repurchase plans | (340,736 | ) |  | — |  |  | (340,736 | )
Stock compensation expense | 39,036 |  |  | — |  |  | 39,036 |
Net earnings | 322,378 |  |  | 550 |  |  | 322,928 |
Other comprehensive income | 25,632 |  |  | (47 | ) |  | 25,585 |
Dividends paid ($0.42 per share) | $ | (75,726 | ) |  |  |  | (75,726 | )
Balance at September 30, 2017 | $ | 1,978,003 |  |  | 3,078 |  |  | 1,981,081 |
The Company has a Non-Discretionary Stock Repurchase Plan to repurchase shares from the proceeds of stock option exercises and employee stock purchases. During the nine-month periods ended September 30, 2018 and 2017, 2,386 and 2,902 shares were repurchased at an average price of $72.72 and $55.58 per share, respectively. The Company also has a Discretionary Stock Repurchase Plan approved by the Board of Directors that authorizes management to reduce issued and outstanding stock down to 170 million shares of common stock. On November 5, 2018, the Board of Directors amended the plan to further authorize repurchases down to 160 million shares of common stock. During the nine-month period ended September 30, 2018, 5,378 shares were repurchased at an average price of $71.07 per share, compared to 3,189 shares at an average price of $56.26 per share during the same period in 2017. Accumulated other comprehensive loss consisted entirely of foreign currency translation adjustments, net of related income tax effects, for all the periods presented. On May 8, 2018, the Board of Directors declared a semi-annual dividend of $0.45 per share payable on June 15, 2018 to shareholders of record as of June 1, 2018. On May 2, 2017, the Board of Directors declared a semi-annual dividend of $0.42 per share payable on June 15, 2017 to shareholders of record as of June 1, 2017. Subsequent to the end of the third quarter, on November 5, 2018, the Board of Directors declared a semi-annual dividend of $0.45 per share payable on December 17, 2018 to shareholders of record as of December 3, 2018.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration