XML 33 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Schedule of Accounting for Employee Share-Based Payment
The following table shows the impact of retrospectively applying ASU 2016-09 to the previously issued consolidated statements of operations for the three month period ended March 31 and the three and six month periods ended June 30 (in thousands, except per share amounts):
 
 
Three Months Ended March 31, 2016
 
Three Months Ended June 30, 2016
 
 
As Previously Reported
 
Adjustments
 
As Recast
 
As Previously Reported
 
Adjustments
 
As Recast
Income before income taxes
 
$
156,912

 
$

 
$
156,912

 
$
162,348

 
$

 
$
162,348

Provision for income taxes
 
46,940
 
(1,118
)
 
45,822

 
48,163

 
(2,068
)
 
46,095

Net income
 
$
109,972

 
$
1,118

 
$
111,090

 
$
114,185

 
$
2,068

 
$
116,253

 
 
 
 
 
 
 
 

 

 
 
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
1.19

 
$
0.01

 
$
1.20

 
$
1.23

 
$
0.02

 
$
1.25

Diluted earnings per share
 
$
1.17

 
$

 
$
1.17

 
$
1.21

 
$
0.01

 
$
1.22

 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
92,516

 

 
92,516

 
92,665

 

 
92,665

Diluted
 
94,329

 
701

 
95,030

 
94,549

 
729

 
95,279

 
 
Six Months Ended June 30, 2016
 
 
As Previously Reported
 
Adjustments
 
As Recast
Income before income taxes
 
$
319,260

 
$

 
$
319,260

Provision for income taxes
 
95,103

 
(3,186
)
 
$
91,917

Net income
 
$
224,157

 
$
3,186

 
$
227,343

 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
Basic earnings per share
 
$
2.42

 
$
0.04

 
$
2.46

Diluted earnings per share
 
$
2.37

 
$
0.02

 
$
2.39

 
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
Basic
 
92,591

 

 
92,591

Diluted
 
94,433

 
703

 
95,137

The following table shows the impact of retrospectively applying this guidance to the Consolidated Statement of Cash flows for the three months ended March 31, 2016 and six months ended June 30, 2016 (in thousands):
.
 
 
Three Months Ended March 31, 2016
 
Six Months Ended June 30, 2016
 
 
As Previously Reported
 
Adjustments
 
As Recast
 
As Previously Reported
 
Adjustments
 
As Recast
Net cash provided by operating activities
 
$
121,505

 
$
1,118

 
$
122,623

 
$
208,856

 
$
3,186

 
$
212,042

Net cash used in investing activities
 
(20,745
)
 

 
(20,745
)
 
(37,924
)
 

 
(37,924
)
Net cash used in financing activities
 
(157,389
)
 
(1,118
)
 
(158,507
)
 
(118,303
)
 
(3,186
)
 
(121,489
)
Effect of foreign currency exchange rates on cash
 
8,795

 

 
8,795

 
(6,696
)
 

 
(6,696
)
Net (decrease) increase in cash
 
$
(47,834
)
 
$

 
$
(47,834
)
 
$
45,933

 
$

 
$
45,933