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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
 
For the Three Months Ended 
 March 31,
 
2019
 
2018
Numerator (basic and diluted):
 
 
 
Net income
$
321,152

 
$
304,906

 
 
 
 
Denominator:
 
 
 
Weighted-average common shares outstanding – basic
78,484

 
83,530

Effect of stock options (1)
813

 
993

Weighted-average common shares outstanding – assuming dilution
79,297

 
84,523

 
 
 
 
Earnings per share:
 
 
 
Earnings per share-basic
$
4.09

 
$
3.65

Earnings per share-assuming dilution
$
4.05

 
$
3.61

 
 
 
 
Antidilutive potential common shares not included in the calculation of diluted earnings per share:
 
 
 
Stock options (1)
176

 
761

Weighted-average exercise price per share of antidilutive stock options (1)
$
347.98

 
$
259.28


(1) 
See Note 8 for further information concerning the terms of the Company’s share-based compensation plans.