EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share

Computation of basic and diluted earnings per share

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Numerator (basic and diluted):
Net income	$	585,451	$	531,667	$	1,087,060	$	832,105
Denominator:
Weighted-average common shares outstanding – basic		69,618		74,205		69,997		74,611
Effect of stock options (1)		646		628		643		635
Weighted-average common shares outstanding – assuming dilution		70,264		74,833		70,640		75,246
Earnings per share:
Earnings per share-basic	$	8.41	$	7.16	$	15.53	$	11.15
Earnings per share-assuming dilution	$	8.33	$	7.10	$	15.39	$	11.06
Antidilutive potential common shares not included in the calculation of diluted earnings per share:
Stock options (1)		122		341		187		348
Weighted-average exercise price per share of antidilutive stock options (1)	$	463.76	$	378.84	$	449.20	$	378.29

(1) See Note 11 for further information concerning the terms of the Company’s share-based compensation plans.