Treasury Stock	3 Months Ended
Jun. 30, 2022
Equity [Abstract]
Treasury Stock	Note 4 — Treasury Stock The Company’s Board of Directors approved the commencement of a stock repurchase program in the fall of 1996. In May 2021, the Company’s Board of Directors approved a 1,000,000 share expansion to the Company’s existing stock repurchase program, increasing the total number of shares of the Company’s common stock approved for repurchase over the life of the program to 38,000,000 shares. Since the commencement of the stock repurchase program, the Company has spent $681 million on the repurchase of 37,394,507 shares of its common stock, equal to 68% of the outstanding common stock had there been no repurchases. The average price of these repurchases was $18.22 per share. These repurchases were funded primarily by the net earnings of the Company, along with proceeds from the exercise of common stock options. During the three months ended June 30, 2022, the Company repurchased 174,882 shares of its common stock for $26.7 million at an average price of $152.60 per share. The Company had 17,437,851 shares of common stock outstanding as of June 30, 2022, net of the 37,394,507 shares in treasury. During the period subsequent to the quarter ended June 30, 2022, the Company repurchased 54,619 shares of its common stock for $8.4 million at an average price of $153.75 per share under the Company’s stock repurchase program.

Treasury Stock

3 Months Ended

Jun. 30, 2022

Note 4 — Treasury Stock

The Company’s Board of Directors approved the commencement of a stock repurchase program in the fall of 1996. In May 2021, the Company’s Board of Directors approved a 1,000,000 share expansion to the Company’s existing stock repurchase program, increasing the total number of shares of the Company’s common stock approved for repurchase over the life of the program to 38,000,000 shares. Since the commencement of the stock repurchase program, the Company has spent $681 million on the repurchase of 37,394,507 shares of its common stock, equal to 68% of the outstanding common stock had there been no repurchases. The average price of these repurchases was $18.22 per share. These repurchases were funded primarily by the net earnings of the Company, along with proceeds from the exercise of common stock options. During the three months ended June 30, 2022, the Company repurchased 174,882 shares of its common stock for $26.7 million at an average price of $152.60 per share. The Company had 17,437,851 shares of common stock outstanding as of June 30, 2022, net of the 37,394,507 shares in treasury. During the period subsequent to the quarter ended June 30, 2022, the Company repurchased 54,619 shares of its common stock for $8.4 million at an average price of $153.75 per share under the Company’s stock repurchase program.