| Effects of Prior Period Errors in Consolidated Financial Statements |
The effects of these prior period errors in the consolidated
financial statements are as follows:
Condensed Consolidated Balance Sheets
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|
December 31, 2012 |
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| |
|
As Previously
Reported |
|
|
As Adjusted |
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| |
|
(In
thousands) |
|
|
Prepaid expenses and other current assets
|
|
$ |
125,425 |
|
|
$ |
145,624 |
|
|
Total current assets
|
|
$ |
963,848 |
|
|
$ |
984,047 |
|
|
Total assets
|
|
$ |
1,703,944 |
|
|
$ |
1,724,143 |
|
|
Income taxes payable
|
|
$ |
15,854 |
|
|
$ |
61,325 |
|
|
Total current liabilities
|
|
$ |
716,891 |
|
|
$ |
762,362 |
|
|
Total liabilities
|
|
$ |
1,283,189 |
|
|
$ |
1,328,660 |
|
|
Retained earnings
|
|
$ |
148,368 |
|
|
$ |
123,096 |
|
|
Total shareholders’ equity
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|
$ |
420,755 |
|
|
$ |
395,483 |
|
|
Total liabilities and shareholders’ equity
|
|
$ |
1,703,944 |
|
|
$ |
1,724,143 |
|
Condensed Consolidated Statements of
Income
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|
|
|
|
|
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|
|
|
|
|
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Three Months Ended
June 30, 2012 |
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|
Six Months Ended
June 30, 2012 |
|
| |
|
As Previously
Reported |
|
|
As Adjusted |
|
|
As Previously
Reported |
|
|
As Adjusted |
|
| |
|
(In thousands,
except per share amount) |
|
|
Income taxes
|
|
$ |
50,169 |
|
|
$ |
51,586 |
|
|
$ |
94,739 |
|
|
$ |
96,387 |
|
|
Net Income
|
|
$ |
133,368 |
|
|
$ |
131,951 |
|
|
$ |
241,530 |
|
|
$ |
239,882 |
|
|
Basic earnings per share
|
|
$ |
1.14 |
|
|
$ |
1.13 |
|
|
$ |
2.08 |
|
|
$ |
2.06 |
|
|
Diluted earnings per share
|
|
$ |
1.10 |
|
|
$ |
1.09 |
|
|
$ |
1.98 |
|
|
$ |
1.96 |
|
Condensed Consolidated Statements of
Comprehensive Income
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|
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|
|
|
|
|
|
|
|
|
|
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|
| |
|
Three Months Ended
June 30, 2012 |
|
|
Six Months Ended
June 30, 2012 |
|
| |
|
As Previously
Reported |
|
|
As Adjusted |
|
|
As Previously
Reported |
|
|
As Adjusted |
|
| |
|
(In thousands,
except per share amount) |
|
|
Net Income
|
|
$ |
133,368 |
|
|
$ |
131,951 |
|
|
$ |
241,530 |
|
|
$ |
239,882 |
|
|
Total comprehensive income
|
|
$ |
118,753 |
|
|
$ |
117,336 |
|
|
$ |
236,412 |
|
|
$ |
234,764 |
|
Condensed Consolidated Statement of Cash
Flows
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|
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| |
|
Six Months Ended
June 30, 2012 |
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| |
|
As Previously
Reported |
|
|
As Adjusted |
|
| |
|
(In
thousands) |
|
|
Net Income
|
|
$ |
241,530 |
|
|
$ |
239,882 |
|
|
Deferred income taxes
|
|
$ |
(4,896 |
) |
|
$ |
(8,476 |
) |
|
Income taxes
|
|
$ |
15,433 |
|
|
$ |
20,661 |
|
|