Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v2.4.0.8
Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2013
Accounting Policies [Abstract]  
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

 

     March 31, 2013      December 31, 2012  
     As Previously
Reported
     As Adjusted      As Previously
Reported
     As Adjusted  
     (In thousands)  

Prepaid expenses and other current assets

   $ 126,465       $ 146,373       $ 125,425       $ 145,624   

Total current assets

   $ 1,346,014       $ 1,365,922       $ 963,848       $ 984,047   

Total assets

   $ 2,089,300       $ 2,109,208       $ 1,703,944       $ 1,724,143   

Income taxes payable

   $ 26,272       $ 71,434       $ 15,854       $ 61,325   

Total current liabilities

   $ 696,871       $ 742,033       $ 716,891       $ 762,362   

Total liabilities

   $ 1,746,355       $ 1,791,517       $ 1,283,189       $ 1,328,660   

Retained earnings

   $ 85,162       $ 59,908       $ 148,368       $ 123,096   

Total shareholders’ equity

   $ 342,945       $ 317,691       $ 420,755       $ 395,483   

Total liabilities and shareholders’ equity

   $ 2,089,300       $ 2,109,208       $ 1,703,944       $ 1,724,143   

Condensed Consolidated Statements of Income

 

     Three Months Ended
March 31, 2013
     Three Months Ended
March 31, 2012
 
     As Previously
Reported
     As Adjusted      As Previously
Reported
     As Adjusted  
     (In thousands, except per share amount)  

Income taxes

   $ 44,692       $ 44,675       $ 44,570       $ 44,801   

Net Income

   $ 118,856       $ 118,873       $ 108,162       $ 107,931   

Basic earnings per share

   $ 1.14       $ 1.14       $ 0.93       $ 0.93   

Diluted earnings per share

   $ 1.10       $ 1.10       $ 0.88       $ 0.88   

 

Condensed Consolidated Statements of Comprehensive Income

 

     Three Months Ended
March 31, 2013
     Three Months Ended
March 31, 2012
 
     As Previously
Reported
     As Adjusted      As Previously
Reported
     As Adjusted  
     (In thousands)  

Net Income

   $ 118,856       $ 118,873       $ 108,162       $ 107,931   

Total comprehensive income

   $ 108,840       $ 108,857       $ 117,659       $ 117,428   

Condensed Consolidated Statement of Cash Flows

 

     Three Months Ended
March 31, 2013
     Three Months Ended
March 31, 2012
 
     As Previously
Reported
     As Adjusted      As Previously
Reported
     As Adjusted  
     (In thousands)  

Net Income

   $ 118,856       $ 118,873       $ 108,162       $ 107,931   

Income taxes

   $ 23,114       $ 23,097       $ 16,489       $ 16,720