| (In thousands, except per share data) For the years ended December 31, 2007, 2006, and 2005 |
||||||||||||||||||||
Common Shares Outstanding(1) |
Amount | Additional Paid-in Capital |
Retained Earnings |
Accumulated Other Com- prehensive Income (Loss) |
Treasury Stock |
Total Stockholders’ Investment |
||||||||||||||
| Balance, December 31, 2004 | 170,480 | $ | 8,524 | $ | 137,770 | $ | 498,406 | $ | 1,608 | $ | (25,452 | ) | $ | 620,856 | ||||||
| Net income | – | – | – | 203,358 | – | – | 203,358 | |||||||||||||
| Other comprehensive income – Unrealized gain on available-for-sale securities |
– | – | – | – | 3 | – | 3 | |||||||||||||
| Foreign currency translation adjustment | – | – | – | – | (3,512 | ) | – | (3,512 | ) | |||||||||||
| Comprehensive income | – | – | – | – | – | – | 199,849 | |||||||||||||
| Two-for-one stock split(1) | – | 8,524 | (8,524 | ) | – | – | – | – | ||||||||||||
| Dividends declared, $.355 per share | – | – | – | (61,213 | ) | – | – | (61,213 | ) | |||||||||||
| Stock issued for employee benefit plans | 1,217 | 122 | (14,743 | ) | – | – | 30,170 | 15,549 | ||||||||||||
| Stock issued for acquisitions | 380 | 38 | 10,381 | – | – | – | 10,419 | |||||||||||||
| Issuance of restricted stock | 2,178 | 218 | (218 | ) | – | – | – | – | ||||||||||||
| Stock-based compensation expense | 14 | 1 | 27,425 | – | – | 1,010 | 28,436 | |||||||||||||
| Excess tax benefit on deferred compensation and employee stock plans |
– | – | 4,983 | – | – | – | 4,983 | |||||||||||||
| Repurchase of common stock | (1,240 | ) | (124 | ) | – | – | – | (38,718 | ) | (38,842 | ) | |||||||||
| Balance, December 31, 2005 | 173,029 | 17,303 | 157,074 | 640,551 | (1,901 | ) | (32,990 | ) | 780,037 | |||||||||||
Net income |
– | – | – | 266,925 | – | – | 266,925 | |||||||||||||
| Other comprehensive income – Foreign currency translation adjustment |
– | – | – | – | 1,699 | – | 1,699 | |||||||||||||
| Comprehensive income | – | – | – | – | – | – | 268,624 | |||||||||||||
| Dividends declared, $.57 per share | – | – | – | (99,493 | ) | – | – | (99,493 | ) | |||||||||||
| Stock issued for employee benefit plans | 1,503 | 150 | (34,195 | ) | – | – | 52,229 | 18,184 | ||||||||||||
| Issuance of restricted stock | 48 | 5 | 6,858 | – | – | – | 6,863 | |||||||||||||
| Stock-based compensation expense | 3 | 1 | 41,613 | – | – | 51 | 41,665 | |||||||||||||
| Excess tax benefit on deferred compensation and employee stock plans |
– | – | 13,112 | – | – | – | 13,112 | |||||||||||||
| Repurchase of common stock | (1,927 | ) | (193 | ) | – | – | – | (85,077 | ) | (85,270 | ) | |||||||||
| Balance, December 31, 2006 | 172,656 | 17,266 | 184,462 | 807,983 | (202 | ) | (65,787 | ) | 943,722 | |||||||||||
Net income |
– | – | – | 324,261 | – | – | 324,261 | |||||||||||||
| Other comprehensive income – Unrealized gain on available-for-sale securities |
– | – | – | – | 8 | – | 8 | |||||||||||||
| Foreign currency translation adjustment | – | – | – | – | 457 | – | 457 | |||||||||||||
| Comprehensive income | – | – | – | – | – | – | 324,726 | |||||||||||||
| Cumulative adjustment for FIN48 | – | – | – | 2,553 | – | – | 2,553 | |||||||||||||
| Dividends declared, $.76 per share | – | – | – | (131,833 | ) | – | – | (131,833 | ) | |||||||||||
| Stock issued for employee benefit plans | 1,402 | 140 | (50,674 | ) | – | – | 64,274 | 13,740 | ||||||||||||
| Issuance of restricted stock | 33 | 3 | 5,892 | – | – | – | 5,895 | |||||||||||||
| Stock-based compensation expense | 15 | 1 | 33,972 | – | – | 128 | 34,101 | |||||||||||||
| Excess tax benefit on deferred compensation and employee stock plans |
– | – | 16,668 | – | – | – | 16,668 | |||||||||||||
| Repurchase of common stock | (3,284 | ) | (328 | ) | – | – | – | (166,995 | ) | (167,323 | ) | |||||||||
| Balance, december 31, 2007 | 170,822 | $ | 17,082 | $ | 190,320 | $ | 1,002,964 | $ | 263 | $ | (168,380 | ) | $ | 1,042,249 | ||||||
The accompanying notes are an integral part of these consolidated financial statements.
(1) On October 14, 2005, the company’s shareholders approved a 2-for-1 stock split. All share and per share amounts have been restated to reflect the retroactive effect of the stock split.
