| Effects of Prior Period Errors in Consolidated Financial Statements |
The effects of
these prior period errors in the condensed consolidated financial
statements are as follows:
Condensed
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
| |
|
December 31,
2012 |
|
| |
|
As Previously
Reported |
|
|
As Adjusted |
|
| |
|
(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
|
|
$ |
420,755 |
|
|
$ |
395,483 |
|
|
Total liabilities and
shareholders’ equity
|
|
$ |
1,703,944 |
|
|
$ |
1,724,143 |
|
Condensed
Consolidated Statements of Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
September 30, 2012 |
|
|
Nine Months Ended
September 30, 2012 |
|
| |
|
As Previously
Reported |
|
|
As Adjusted |
|
|
As Previously
Reported |
|
|
As Adjusted |
|
| |
|
(In thousands, except
per share amount) |
|
|
Income taxes
|
|
$ |
39,518 |
|
|
$ |
45,424 |
|
|
$ |
134,257 |
|
|
$ |
141,811 |
|
|
Net Income
|
|
$ |
117,779 |
|
|
$ |
111,873 |
|
|
$ |
359,309 |
|
|
$ |
351,755 |
|
|
Basic earnings per
share
|
|
$ |
1.08 |
|
|
$ |
1.03 |
|
|
$ |
3.16 |
|
|
$ |
3.09 |
|
|
Diluted earnings per
share
|
|
$ |
1.04 |
|
|
$ |
0.98 |
|
|
$ |
3.01 |
|
|
$ |
2.95 |
|
Condensed
Consolidated Statements of Comprehensive Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
September 30, 2012 |
|
|
Nine Months Ended
September 30, 2012 |
|
| |
|
As Previously
Reported |
|
|
As Adjusted |
|
|
As Previously
Reported |
|
|
As Adjusted |
|
| |
|
(In
thousands) |
|
|
Net Income
|
|
$ |
117,779 |
|
|
$ |
111,873 |
|
|
$ |
359,309 |
|
|
$ |
351,755 |
|
|
Total comprehensive
income
|
|
$ |
124,081 |
|
|
$ |
118,175 |
|
|
$ |
360,493 |
|
|
$ |
352,939 |
|
Condensed
Consolidated Statement of Cash Flows
|
|
|
|
|
|
|
|
|
| |
|
Nine Months Ended
September 30, 2012 |
|
| |
|
As Previously
Reported |
|
|
As Adjusted |
|
| |
|
(In
thousands) |
|
|
Net Income
|
|
$ |
359,309 |
|
|
$ |
351,755 |
|
|
Deferred income
taxes
|
|
$ |
(9,246 |
) |
|
$ |
(8,249 |
) |
|
Income taxes
|
|
$ |
22,561 |
|
|
$ |
29,118 |
|
|