EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share

Computation of basic and diluted earnings per share

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Numerator (basic and diluted):
Net income	$	558,652	$	527,252	$	1,645,712	$	1,359,357
Denominator:
Weighted-average common shares outstanding – basic		68,608		73,916		69,529		74,377
Effect of stock options (1)		632		670		645		649
Weighted-average common shares outstanding – assuming dilution		69,240		74,586		70,174		75,026
Earnings per share:
Earnings per share-basic	$	8.14	$	7.13	$	23.67	$	18.28
Earnings per share-assuming dilution	$	8.07	$	7.07	$	23.45	$	18.12
Antidilutive potential common shares not included in the calculation of diluted earnings per share:
Stock options (1)		133		153		48		327
Weighted-average exercise price per share of antidilutive stock options (1)	$	467.03	$	409.07	$	502.49	$	384.43

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