Treasury Stock	3 Months Ended
Jun. 30, 2019
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 February 2019, 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 37,000,000 shares. Since the commencement of the stock repurchase program, the Company has spent $475 million on the repurchase of 35,587,649 shares of its common stock, equal to 66% of the outstanding common stock had there been no repurchases. The average price of these repurchases was $13.36 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, 2019, the Company repurchased 124,411 shares of its common stock for $9.1 million at an average price of $73.30 per share. The Company had 18,529,566 shares of common stock outstanding as of June 30, 2019, net of the 35,587,649 shares in treasury. During the period subsequent to the quarter ended June 30, 2019, the Company repurchased 76,805 shares of its common stock for $6,898,000 at an average price of $89.82 per share under the Company’s stock repurchase program.

Treasury Stock

3 Months Ended

Jun. 30, 2019

Note 4 — Treasury Stock

The Company’s Board of Directors approved the commencement of a stock repurchase program in the fall of 1996. In February 2019, 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 37,000,000 shares. Since the commencement of the stock repurchase program, the Company has spent $475 million on the repurchase of 35,587,649 shares of its common stock, equal to 66% of the outstanding common stock had there been no repurchases. The average price of these repurchases was $13.36 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, 2019, the Company repurchased 124,411 shares of its common stock for $9.1 million at an average price of $73.30 per share. The Company had 18,529,566 shares of common stock outstanding as of June 30, 2019, net of the 35,587,649 shares in treasury. During the period subsequent to the quarter ended June 30, 2019, the Company repurchased 76,805 shares of its common stock for $6,898,000 at an average price of $89.82 per share under the Company’s stock repurchase program.