Annual report pursuant to Section 13 and 15(d)

Basis of Presentation (Tables)

v2.4.0.6
Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 2011
Organization and Basis of Presentation [Abstract]  
Consolidated Financial Statements
                 
    December 31, 2010  
    As  Previously
Reported
    As Adjusted  
    (In thousands)  

Paid-in capital in excess of par value

  $ 257,375     $ 248,693  

Retained earnings

  $ 257,004     $ 265,686  
                 
    Year Ended
December 31, 2010
 
    As  Previously
Reported
    As Adjusted  
    (In thousands)  

Paid-in Capital in Excess of Par Value

               

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

  $ 16,727     $ 8,045  

Balance at December 31, 2010

  $ 257,375     $ 248,693  

Retained Earnings

               

Net income

  $ 290,533     $ 299,215  

Balance at December 31, 2010

  $ 257,004     $ 265,686  

Comprehensive Income

               

Net income

  $ 290,533     $ 299,215  

Total comprehensive income

  $ 286,644     $ 295,326  
                 
    Year Ended
December 31, 2010
 
    As  Previously
Reported
    As Adjusted  
    (In thousands)  

Net income

  $ 290,533     $ 299,215  

Excess tax benefits from share-based payment arrangements

  $ (16,410   $ (7,728

Deferred income taxes

  $ (24,631   $ (33,313

Net cash provided by operating activities

  $ 380,402     $ 389,084  

Excess tax benefits from share-based payment arrangements

  $ 16,410     $ 7,728  

Net cash used in financing activities

  $ (254,480   $ (263,162
         
    Year Ended
December 31,  2011
 
    As Computed Under
Prior Method
 
    (In thousands, except
per share amount)
 

Income taxes

  $ 159,083  

Net income

  $ 400,696  

Basic earnings per share

  $ 3.41  

Diluted earnings per share

  $ 3.25  
Earnings Per Share
                 
    Year Ended
December 31, 2010
 
    As  Previously
Reported
    As Adjusted  
    (In thousands, except per
share amount)
 

Income taxes

  $ 89,562     $ 80,880  

Net income

  $ 290,533     $ 299,215  

Basic earnings per share(1)

  $ 2.44     $ 2.51  

Diluted earnings per share(1)

  $ 2.33     $ 2.37  

 

 

(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.
                 
    Year Ended
December 31, 2010
 
    As Previously
Reported (1)
    As Adjusted  
    (In thousands)  

Weighted average shares used in basic computations

    119,004       119,004  

Dilutive effect of exercise of equity grants outstanding

    5,076       7,059  

Dilutive effect of warrants

    432       432  
   

 

 

   

 

 

 

Weighted average shares used in diluted computations

    124,512       126,495  
   

 

 

   

 

 

 

 

 

(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.
Common Share amounts used to compute Basic and Diluted Earnings Per Share
                         
    Year Ended December 31,  
    2011     2010     2009  

Weighted average shares used in basic computations

    117,540       119,004       122,442  

Dilutive effect of exercise of equity grants outstanding

    7,046       7,059       3,468  

Dilutive effect of warrants(1)

    260       432       284  
   

 

 

   

 

 

   

 

 

 

Weighted average shares used in diluted computations

    124,846       126,495       126,194  
   

 

 

   

 

 

   

 

 

 

 

 

(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.
Accumulated other Comprehensive Income
                         
    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
   

 

 

   

 

 

   

 

 

 

Total accumulated other comprehensive income (loss)

  $ (37,809   $ (27,285   $ (23,396