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v3.19.2

Unaudited Condensed Consolidated Statements of Shareholders' Investment - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | $ 1,857,074,747 | $ 1,861,751,660 | [1] | $ 1,969,977,496 | $ 2,049,518,261 | $ 1,861,751,660 | [1] | $ 2,049,518,261
Issuance of common stock and the tax benefit of stock plan transactions | 31,420,260 | 10,514,554 |  | 16,729,546 | 36,267,047 |  |  |
Repurchases of common stock (in shares) |  |  |  |  |  | (7,800,000) |  |
Repurchases of common stock | (69,871,143) | (96,267,229) |  | (146,633,543) | (202,572,378) |  |  |
Stock-based compensation expense related to stock options, employee stock purchases and restricted stock | 5,276,201 | 4,862,947 |  | 4,675,468 | 3,977,471 |  |  |
Impact of ASU 2016-01 adoption |  |  |  |  | 0 |  |  |
Dividends declared | (29,299,410) | (29,392,200) |  | (29,581,544) | (30,123,981) |  |  |
Net income (loss) | 108,958,625 | 104,280,411 |  | 109,023,982 | 111,248,743 | $ 213,239,036 |  | 220,272,725
Other comprehensive income (loss) | 774,955 | 1,324,604 |  | (2,692,093) | 1,662,333 |  |  |
Ending balance | $ 1,904,334,235 | $ 1,857,074,747 |  | $ 1,921,499,312 | $ 1,969,977,496 | $ 1,904,334,235 |  | $ 1,921,499,312
Common Stock |  |  |  |  |  |  |  |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance (in shares) | 255,584,345 | 259,328,613 |  | 273,854,377 | 280,281,321 | 259,328,613 |  | 280,281,321
Beginning balance | $ 15,335,060 | $ 15,559,717 |  | $ 16,431,263 | $ 16,816,879 | $ 15,559,717 |  | $ 16,816,879
Issuance of common stock and the tax benefit of stock plan transactions (in shares) | 2,269,483 | 980,670 |  | 1,353,561 | 2,904,555 |  |  |
Issuance of common stock and the tax benefit of stock plan transactions | $ 136,170 | $ 58,840 |  | $ 81,213 | $ 174,274 |  |  |
Repurchases of common stock (in shares) | (3,074,709) | (4,724,938) |  | (6,284,817) | (9,331,499) |  |  |
Repurchases of common stock | $ (184,483) | $ (283,497) |  | $ (377,089) | $ (559,890) |  |  |
Ending balance (in shares) | 254,779,119 | 255,584,345 |  | 268,923,121 | 273,854,377 | 254,779,119 |  | 268,923,121
Ending balance | $ 15,286,747 | $ 15,335,060 |  | $ 16,135,387 | $ 16,431,263 | $ 15,286,747 |  | $ 16,135,387
Additional Paid-In Capital |  |  |  |  |  |  |  |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | 748,641,461 | 745,324,144 |  | 742,491,728 | 723,510,672 | 745,324,144 |  | 723,510,672
Issuance of common stock and the tax benefit of stock plan transactions | 31,284,090 | 10,455,714 |  | 16,648,333 | 36,092,773 |  |  |
Repurchases of common stock | (7,963,499) | (12,001,344) |  | (15,020,714) | (21,089,188) |  |  |
Stock-based compensation expense related to stock options, employee stock purchases and restricted stock | 5,276,201 | 4,862,947 |  | 4,675,468 | 3,977,471 |  |  |
Ending balance | 777,238,253 | 748,641,461 |  | 748,794,815 | 742,491,728 | 777,238,253 |  | 748,794,815
Retained Earnings |  |  |  |  |  |  |  |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | 1,093,373,960 | 1,102,468,137 |  | 1,208,841,516 | 1,301,997,327 | 1,102,468,137 |  | 1,301,997,327
Repurchases of common stock | (61,723,161) | (83,982,388) |  | (131,235,740) | (180,923,300) |  |  |
Impact of ASU 2016-01 adoption |  |  |  |  | 6,642,727 |  |  |
Dividends declared | (29,299,410) | (29,392,200) |  | (29,581,544) | (30,123,981) |  |  |
Net income (loss) | 108,958,625 | 104,280,411 |  | 109,023,982 | 111,248,743 |  |  |
Ending balance | 1,111,310,014 | 1,093,373,960 |  | 1,157,048,214 | 1,208,841,516 | 1,111,310,014 |  | 1,157,048,214
Accumulated Other Comprehensive Income (Loss) |  |  |  |  |  |  |  |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Beginning balance | (275,734) | (1,600,338) |  | 2,212,989 | 7,193,383 | (1,600,338) |  | 7,193,383
Impact of ASU 2016-01 adoption |  |  |  |  | (6,642,727) |  |  |
Other comprehensive income (loss) | 774,955 | 1,324,604 |  | (2,692,093) | 1,662,333 |  |  |
Ending balance | $ 499,221 | $ (275,734) |  | $ (479,104) | $ 2,212,989 | $ 499,221 |  | $ (479,104)
[1] | The condensed consolidated balance sheet at December 31, 2018 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

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