Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity (Tables)

v2.4.0.8
Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Summary of Changes in Shareholders' Equity

Changes in shareholders’ equity for the three months ended March 31, 2014 were as follows (in thousands):

 

Total shareholders’ equity as of December 31, 2013

    $ 551,446   

Net income

      74,628   

Issuance of common shares from exercise of stock options, SARs, restricted stock grants, and employee stock purchase plan

      60   

Excess tax benefit from exercise of stock options, SARs and restricted stock grants

      3,154   

Additional capital from share-based compensation

      10,995   

Repurchases of common shares, including Forward Transactions

      (694,503 ) 

Allocation to additional paid-in capital due to issuance of senior convertible notes and Forward Transactions.

      249,797   

Reduction in additional paid-in capital from purchased capped call

      (123,825 ) 

Dividends paid and received, net

      (26,955 ) 

Foreign currency translation adjustment, net of income taxes

      (2,183 ) 

Unrealized loss on derivatives, net of income taxes

      (413 ) 

Unrealized loss on available-for-sale investments, net of income taxes

      (95 ) 
  

 

 

  

Total shareholders’ equity as of March 31, 2014

    $ 42,106   
  

 

 
Summary of Changes in Accumulated Other Comprehensive Income (Loss)

The following table summarizes changes in accumulated other comprehensive income (loss) during the three months ended March 31, 2014:

 

     Changes in Accumulated Other Comprehensive
Income (Loss) by Component
Three Months Ended March 31, 2014 		 
     Foreign
Currency
Translation
Adjustments		     Unrealized
Gain (Loss) on
Derivatives		     Unrealized Gain
(Loss) on
Available-For-
Sale Investments		     Total  
     (In millions)  

Beginning Balance

    $ (25.6 )    $ 5.7      $ 0.1      $ (19.8 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Other comprehensive income (loss) before reclassifications, net of tax

      (2.2 )      (0.1 )      (2.1 )      (4.4 ) 

Amounts reclassified from accumulated other comprehensive income (loss) to income, net of tax(1)

      —          (0.3 )      2.0        1.7   
  

 

 

    

 

 

    

 

 

    

 

 

  

Total other comprehensive income (loss), net of reclassifications

      (2.2 )      (0.4 )      (0.1 )      (2.7 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Ending balance

    $ (27.8 )    $ 5.3      $ —        $ (22.5 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) See Note 2, Significant Accounting Policies, and Note 9, Derivative Instruments and Hedging Activities, for information regarding the location in the condensed consolidated statements of income of gains (losses) reclassified from accumulated other comprehensive income (loss) into income during the three months ended March 31, 2014.