| Summary of Changes in Shareholders' (Deficit) Equity |
Changes in shareholders’ (deficit) equity for the six months
ended June 30, 2014 were as follows (in thousands):
|
|
|
|
|
|
Total shareholders’ equity as of December 31, 2013
|
|
$ |
551,446 |
|
|
Net income
|
|
|
194,160 |
|
|
Issuance of common shares from exercise of stock options, SARs,
restricted stock grants, and employee stock purchase plan
|
|
|
2,039 |
|
|
Excess tax benefit from exercise of stock options, SARs and
restricted stock grants
|
|
|
6,693 |
|
|
Additional capital from share-based compensation
|
|
|
23,398 |
|
|
Repurchases of common shares, including Forward Transactions
|
|
|
(1,277,929 |
) |
|
Allocation to additional paid-in capital due to issuance of the
Convertible Notes and Forward Transactions.
|
|
|
249,797 |
|
|
Reduction in additional paid-in capital from the Capped Call
Transactions
|
|
|
(123,825 |
) |
|
Dividends paid and received, net
|
|
|
(26,984 |
) |
|
Foreign currency translation adjustment, net of income taxes
|
|
|
182 |
|
|
Unrealized loss on derivatives, net of income taxes
|
|
|
(3,178 |
) |
|
Unrealized gain on available-for-sale investments, net of income
taxes
|
|
|
133 |
|
|
|
|
|
|
|
Total shareholders’ deficit as of June 30, 2014
|
|
$ |
(404,068 |
) |
|
|
|
|
|
|
| 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
June 30, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Changes in Accumulated Other Comprehensive
Income (Loss) by Component
Three Months Ended June 30, 2014
|
|
| |
|
Foreign
Currency
Translation
Adjustments |
|
|
Unrealized
Gain (Loss) on
Derivatives |
|
|
Unrealized Gain
(Loss) on
Available-For-
Sale Investments |
|
|
Total |
|
| |
|
(In
millions) |
|
|
Beginning Balance
|
|
$ |
(27.8 |
) |
|
$ |
5.3 |
|
|
$ |
— |
|
|
$ |
(22.5 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications, net of
tax
|
|
|
2.4 |
|
|
|
(1.6 |
) |
|
|
0.2 |
|
|
|
1.0 |
|
|
Amounts reclassified from accumulated other comprehensive income
(loss) to income, net of tax(1)
|
|
|
— |
|
|
|
(1.2 |
) |
|
|
— |
|
|
|
(1.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other comprehensive income (loss), net of
reclassifications
|
|
|
2.4 |
|
|
|
(2.8 |
) |
|
|
0.2 |
|
|
|
(0.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
(25.4 |
) |
|
$ |
2.5 |
|
|
$ |
0.2 |
|
|
$ |
(22.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (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 and six months ended June 30,
2014. |
The following table summarizes changes in accumulated other
comprehensive income (loss) during the six months ended
June 30, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Changes in Accumulated Other Comprehensive
Income (Loss) by Component
Six Months Ended June 30, 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
|
|
|
0.2 |
|
|
|
(1.7 |
) |
|
|
(1.9 |
) |
|
|
(3.4 |
) |
|
Amounts reclassified from accumulated other comprehensive income
(loss) to income, net of tax(1)
|
|
|
— |
|
|
|
(1.5 |
) |
|
|
2.0 |
|
|
|
0.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other comprehensive income (loss), net of
reclassifications
|
|
|
0.2 |
|
|
|
(3.2 |
) |
|
|
0.1 |
|
|
|
(2.9 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
(25.4 |
) |
|
$ |
2.5 |
|
|
$ |
0.2 |
|
|
$ |
(22.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (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 and six months ended June 30,
2014. |
The following table summarizes changes in accumulated other
comprehensive income (loss) during the three months ended
June 30, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Changes in Accumulated Other Comprehensive
Income (Loss) by Component
Three Months Ended June 30, 2013
|
|
| |
|
Foreign
Currency
Translation
Adjustments |
|
|
Unrealized
Gain (Loss) on
Derivatives |
|
|
Total |
|
| |
|
(In
millions) |
|
|
Beginning Balance
|
|
$ |
(37.5 |
) |
|
$ |
(4.2 |
) |
|
$ |
(41.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications, net of
tax
|
|
|
(9.2 |
) |
|
|
4.8 |
|
|
|
(4.4 |
) |
|
Amounts reclassified from accumulated other comprehensive income
(loss) to income, net of tax(1)
|
|
|
— |
|
|
|
1.8 |
|
|
|
1.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other comprehensive income (loss), net of
reclassifications
|
|
|
(9.2 |
) |
|
|
6.6 |
|
|
|
(2.6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
(46.7 |
) |
|
$ |
2.4 |
|
|
$ |
(44.3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
See 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 and six months ended
June 30, 2013. |
The following table summarizes changes in accumulated other
comprehensive income (loss) during the six months ended
June 30, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Changes in Accumulated Other Comprehensive
Income (Loss) by Component
Six Months Ended June 30, 2013
|
|
| |
|
Foreign
Currency
Translation
Adjustments |
|
|
Unrealized
Gain (Loss) on
Derivatives |
|
|
Total |
|
| |
|
(In
millions) |
|
|
Beginning Balance
|
|
$ |
(28.8 |
) |
|
$ |
(2.9 |
) |
|
$ |
(31.7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications, net of
tax
|
|
|
(17.9 |
) |
|
|
2.0 |
|
|
|
(15.9 |
) |
|
Amounts reclassified from accumulated other comprehensive income
(loss) to income, net of tax(1)
|
|
|
— |
|
|
|
3.3 |
|
|
|
3.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other comprehensive income (loss), net of
reclassifications
|
|
|
(17.9 |
) |
|
|
5.3 |
|
|
|
(12.6 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
(46.7 |
) |
|
$ |
2.4 |
|
|
$ |
(44.3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
See 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 and six months ended
June 30, 2013. |
|