| Effects of Prior Period Errors in Condensed Consolidated Financial Statements |
The effects of these prior period errors in the condensed
consolidated financial statements are as follows:
Condensed Consolidated Balance Sheets
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March 31, 2013 |
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December 31, 2012 |
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As Previously
Reported |
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As Adjusted |
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As Previously
Reported |
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As Adjusted |
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(In
thousands) |
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Prepaid expenses and other current assets
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$ |
126,465 |
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$ |
146,373 |
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$ |
125,425 |
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$ |
145,624 |
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Total current assets
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$ |
1,346,014 |
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$ |
1,365,922 |
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$ |
963,848 |
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$ |
984,047 |
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Total assets
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$ |
2,089,300 |
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$ |
2,109,208 |
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$ |
1,703,944 |
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$ |
1,724,143 |
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Income taxes payable
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$ |
26,272 |
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$ |
71,434 |
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$ |
15,854 |
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$ |
61,325 |
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Total current liabilities
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$ |
696,871 |
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$ |
742,033 |
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$ |
716,891 |
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$ |
762,362 |
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Total liabilities
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$ |
1,746,355 |
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$ |
1,791,517 |
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$ |
1,283,189 |
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$ |
1,328,660 |
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Retained earnings
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$ |
85,162 |
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$ |
59,908 |
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$ |
148,368 |
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$ |
123,096 |
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Total shareholders’ equity
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$ |
342,945 |
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$ |
317,691 |
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$ |
420,755 |
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$ |
395,483 |
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Total liabilities and shareholders’ equity
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$ |
2,089,300 |
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$ |
2,109,208 |
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$ |
1,703,944 |
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$ |
1,724,143 |
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Condensed Consolidated Statements of
Income
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Three Months Ended
March 31, 2013 |
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Three Months Ended
March 31, 2012 |
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As Previously
Reported |
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As Adjusted |
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As Previously
Reported |
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As Adjusted |
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(In thousands,
except per share amount) |
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Income taxes
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$ |
44,692 |
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$ |
44,675 |
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$ |
44,570 |
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$ |
44,801 |
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Net Income
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$ |
118,856 |
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$ |
118,873 |
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$ |
108,162 |
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$ |
107,931 |
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Basic earnings per share
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$ |
1.14 |
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$ |
1.14 |
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$ |
0.93 |
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$ |
0.93 |
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Diluted earnings per share
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$ |
1.10 |
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$ |
1.10 |
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$ |
0.88 |
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$ |
0.88 |
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Condensed Consolidated Statements of
Comprehensive Income
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Three Months Ended
March 31, 2013 |
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Three Months Ended
March 31, 2012 |
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As Previously
Reported |
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As Adjusted |
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As Previously
Reported |
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As Adjusted |
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(In
thousands) |
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Net Income
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$ |
118,856 |
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$ |
118,873 |
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$ |
108,162 |
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$ |
107,931 |
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Total comprehensive income
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$ |
108,840 |
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$ |
108,857 |
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$ |
117,659 |
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$ |
117,428 |
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Condensed Consolidated Statement of Cash
Flows
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Three Months Ended
March 31, 2013 |
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Three Months Ended
March 31, 2012 |
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As Previously
Reported |
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As Adjusted |
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As Previously
Reported |
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As Adjusted |
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(In
thousands) |
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Net Income
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$ |
118,856 |
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$ |
118,873 |
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$ |
108,162 |
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$ |
107,931 |
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Income taxes
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$ |
23,114 |
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$ |
23,097 |
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$ |
16,489 |
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$ |
16,720 |
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