Earnings Per Share

3 Months Ended

Mar. 31, 2018

The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share (EPS):


	Three Months Ended March 31,
	2018		2017
Numerators:
Numerator for both basic and diluted EPS, net income	$	111,248,743	$	97,556,741
Denominators:
Denominator for basic EPS, weighted-average shares outstanding	274,759,516		287,408,900
Potentially dilutive shares resulting from stock plans	2,749,912		4,070,938
Denominator for diluted EPS	277,509,428		291,479,838

Shares related to stock plans not included in diluted average common shares outstanding because their effect would be anti-dilutive	156,467		2,311