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CONSOLIDATED BALANCE SHEETS

(In thousands, except per share data) As of December 31, 2008 2007
ASSETS
Current assets:
   Cash and cash equivalents		   $ 494,743       $ 338,885    
   Available-for-sale securities   2,644     115,842  
   Receivables, net of allowance for doubtful accounts of $29,263 and $28,023   828,884     911,780  
   Deferred tax asset   5,413     7,184  
   Prepaid expenses and other   16,187     15,465  
      Total current assets   1,347,871     1,389,156  
 
Property and equipment   191,607     179,688  
   Accumulated depreciation and amortization   (87,519 )   (78,023 )
      Net property and equipment   104,088     101,665  
Goodwill   324,704     278,739  
Other intangible assets, net of accumulated amortization of $20,972 and $ 14,741   14,900     14,470  
Deferred tax asset   14,833     16,013  
Other assets   9,325     11,264  
Total assets $ 1,815,721   $ 1,811,307  
 
LIABILITIES AND STOCKHOLDERS’ INVESTMENT
Current liabilities:
   Accounts payable		 $ 485,167   $ 530,752  
   Outstanding checks   83,591     87,443  
   Accrued expenses –
      Compensation and profit-sharing contribution		   93,431     101,926  
      Income taxes and other   35,464     37,498  
      Total current liabilities   697,653     757,619  
 
   Noncurrent income taxes payable   9,887     10,223  
   Nonqualified deferred compensation obligation   960     1,216  
      Total liabilities   708,500     769,058  
 
Commitments and contingencies
Stockholders’ investment:
   Preferred stock, $ .10 par value, 20,000 shares authorized; no shares issued or
      outstanding		   —     —  
   Common stock, $ .10 par value, 480,000 shares authorized; 176,128 and 174,221
      shares issued, 170,437 and 170,822 outstanding		   17,044     17,082  
   Additional paid-in capital   177,486     190,320  
   Retained earnings   1,207,428     1,002,964  
   Accumulated other comprehensive income   2,165     263  
   Treasury stock at cost (5,691 and 3,384)   (296,902 )   (168,380 )
      Total stockholders’ investment   1,107,221     1,042,249  
Total liabilities and stockholders’ investment $ 1,815,721   $ 1,811,307  

See accompanying notes to the consolidated financial statements.

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