|
Basis of Presentation (Tables)
|
12 Months Ended |
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Dec. 31, 2011
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| Organization and Basis of Presentation [Abstract] |
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| Consolidated Financial Statements |
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December 31, 2010 |
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As
Previously
Reported
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As Adjusted |
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(In thousands) |
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|
Paid-in capital in excess of par value
|
|
$ |
257,375 |
|
|
$ |
248,693 |
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Retained earnings
|
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$ |
257,004 |
|
|
$ |
265,686 |
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|
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|
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Year Ended
December 31,
2010
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As
Previously
Reported
|
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|
As Adjusted |
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| |
|
(In thousands) |
|
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Paid-in Capital in Excess of Par Value
|
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|
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Excess tax benefit from exercise of stock options, SARs and restricted stock grants
|
|
$ |
16,727 |
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|
$ |
8,045 |
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Balance at December 31, 2010
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|
$ |
257,375 |
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$ |
248,693 |
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Retained Earnings
|
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Net income
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$ |
290,533 |
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$ |
299,215 |
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Balance at December 31, 2010
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|
$ |
257,004 |
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|
$ |
265,686 |
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Comprehensive Income
|
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Net income
|
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$ |
290,533 |
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|
$ |
299,215 |
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Total comprehensive income
|
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$ |
286,644 |
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$ |
295,326 |
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Year Ended
December 31,
2010
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As
Previously
Reported
|
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|
As Adjusted |
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|
(In thousands) |
|
|
Net income
|
|
$ |
290,533 |
|
|
$ |
299,215 |
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Excess tax benefits from share-based payment arrangements
|
|
$ |
(16,410 |
) |
|
$ |
(7,728 |
) |
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Deferred income taxes
|
|
$ |
(24,631 |
) |
|
$ |
(33,313 |
) |
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Net cash provided by operating activities
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$ |
380,402 |
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$ |
389,084 |
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Excess tax benefits from share-based payment arrangements
|
|
$ |
16,410 |
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$ |
7,728 |
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Net cash used in financing activities
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|
$ |
(254,480 |
) |
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$ |
(263,162 |
) |
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Year Ended
December 31,
2011
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As Computed Under
Prior Method |
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|
(In thousands, except
per share amount) |
|
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Income taxes
|
|
$ |
159,083 |
|
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Net income
|
|
$ |
400,696 |
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|
Basic earnings per share
|
|
$ |
3.41 |
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Diluted earnings per share
|
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$ |
3.25 |
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| Earnings Per Share |
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Year Ended
December 31,
2010
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As
Previously
Reported
|
|
|
As Adjusted |
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|
(In thousands, except per
share amount) |
|
|
Income taxes
|
|
$ |
89,562 |
|
|
$ |
80,880 |
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Net income
|
|
$ |
290,533 |
|
|
$ |
299,215 |
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Basic earnings per share(1)
|
|
$ |
2.44 |
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$ |
2.51 |
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Diluted earnings per share(1)
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$ |
2.33 |
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|
$ |
2.37 |
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| (1) |
Basic and diluted earnings per share, as previously reported, for the year ended December 31, 2010, have also been adjusted to reflect the stock split.
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Year Ended
December 31,
2010
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As Previously
Reported
(1)
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As Adjusted |
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(In thousands) |
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Weighted average shares used in basic computations
|
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|
119,004 |
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|
119,004 |
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Dilutive effect of exercise of equity grants outstanding
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|
5,076 |
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|
7,059 |
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Dilutive effect of warrants
|
|
|
432 |
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|
432 |
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Weighted average shares used in diluted computations
|
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|
124,512 |
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|
126,495 |
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|
| (1) |
Basic and diluted weighted shares outstanding, as previously reported, for the year ended December 31, 2010, have been adjusted to reflect the stock split.
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| Common Share amounts used to compute Basic and Diluted Earnings Per Share |
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Year Ended December 31, |
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2011 |
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2010 |
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|
2009 |
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Weighted average shares used in basic computations
|
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|
117,540 |
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|
119,004 |
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|
122,442 |
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Dilutive effect of exercise of equity grants outstanding
|
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|
7,046 |
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|
7,059 |
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|
3,468 |
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Dilutive effect of warrants(1)
|
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|
260 |
|
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|
432 |
|
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|
284 |
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Weighted average shares used in diluted computations
|
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|
124,846 |
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|
126,495 |
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|
126,194 |
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|
| (1) |
At December 31, 2011, the Company had 0.5 million warrants outstanding, with an exercise price of $7.75, which will expire on December 1, 2014.
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| Accumulated other Comprehensive Income |
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December 31, |
|
| |
|
2011 |
|
|
2010 |
|
|
2009 |
|
|
Foreign currency translation adjustment, net of tax
|
|
$ |
(38,609 |
) |
|
$ |
(21,852 |
) |
|
$ |
(22,435 |
) |
|
Unrealized loss on derivatives, net of tax
|
|
|
800 |
|
|
|
(5,433 |
) |
|
|
(961 |
) |
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Total accumulated other comprehensive income (loss)
|
|
$ |
(37,809 |
) |
|
$ |
(27,285 |
) |
|
$ |
(23,396 |
) |
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