EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share

Computation of basic and diluted earnings per share

	For the Three Months Ended
	March 31,
	2023		2022
Numerator (basic and diluted):
Net income	$	516,885	$	481,880
Denominator:
Weighted-average common shares outstanding – basic		61,840		66,572
Effect of stock options (1)		558		618
Weighted-average common shares outstanding – assuming dilution		62,398		67,190
Earnings per share:
Earnings per share-basic	$	8.36	$	7.24
Earnings per share-assuming dilution	$	8.28	$	7.17
Antidilutive potential common shares not included in the calculation of diluted earnings per share:
Stock options (1)		149		115
Weighted-average exercise price per share of antidilutive stock options (1)	$	725.14	$	657.14

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