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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share  
Computation of basic and diluted earnings per share

For the Year Ended

December 31, 

    

2022

    

2021

    

2020

Numerator (basic and diluted):

 

  

 

  

 

  

Net income

$

2,172,650

$

2,164,685

$

1,752,302

Denominator:

 

  

 

  

 

  

Weighted-average common shares outstanding – basic

 

64,372

 

68,967

 

73,817

Effect of stock options (1)

 

590

 

644

 

645

Weighted-average common shares outstanding – assuming dilution

 

64,962

 

69,611

 

74,462

Earnings per share:

 

  

 

  

 

  

Earnings per share-basic

$

33.75

$

31.39

$

23.74

Earnings per share-assuming dilution

$

33.44

$

31.10

$

23.53

Antidilutive potential common shares not included in the calculation of diluted earnings per share:

 

  

 

  

 

  

Stock options (1)

 

144

 

111

 

291

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

$

663.36

$

479.90

$

393.42

(1)See Note 12 for further information concerning the terms of the Company’s share-based compensation plans.