Earnings Per Share

9 Months Ended

Sep. 30, 2018

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2018		2017		2018		2017
Numerators:
Numerator for both basic and diluted EPS, net income	$	111,335,817	$	90,230,335	$	331,608,542	$	276,323,023
Denominators:
Denominator for basic EPS, weighted-average shares outstanding	265,607,128		284,661,920		270,366,996		285,915,565
Potentially dilutive shares resulting from stock plans	1,988,014		2,359,030		2,366,506		3,145,936
Denominator for diluted EPS	267,595,142		287,020,950		272,733,502		289,061,501

Shares related to stock plans not included in diluted average common shares outstanding because their effect would be anti-dilutive	462,631		807,013		24,590		2,847,247