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Related Party Transactions | 9 Months Ended
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Sep. 30, 2017
Related Party Transactions [Abstract] |
Related Party Transactions | NOTE P – RELATED PARTY TRANSACTIONS On January 3, 2017, the Company purchased 1,834 shares of the Company from Officers at a price per share of $58.58, which was calculated from a 30-day average of market price in connection with the vesting of equity awards. The Audit Committee of the Board of Directors approved this transaction. On May 9, 2017, the Company purchased 2,500 shares of the Company from an Officer at a price per share of $52.05, which was calculated from a 30-day average of market price in connection with the vesting of equity awards. The Audit Committee of the Board of Directors approved this transaction. On August 16, 2017, the Company purchased 24,920 shares of the Company from a trust for the benefit of the Company’s Director Emeritus for the Company’s Board of Directors at a price per share of $50.16, which was calculated from a 30-day average of market price. The purchase was consummated pursuant to Share Purchase Agreements both dated August 16, 2017, between the Company and the foundation. The Audit Committee of the Board of Directors approved this transaction.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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