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CHANGE IN ACCOUNTING PRINCIPLE (Tables) | 62 Months Ended
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Dec. 31, 2012
Condensed Consolidated Balance Sheets | Condensed Consolidated Balance Sheets
|  | December 31, 2011 |
|  | Originally Reported |  |  | Effect of Accounting Change |  |  | As Adjusted |
|  | (in thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 2,188,639 |  |  | $ | — |  |  | $ | 2,188,639 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Total liabilities |  |  | 683,579 |  |  |  | — |  |  |  | 683,579 |
Shareholders’ Equity: |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 22,948 |  |  |  | — |  |  |  | 22,948 |
Additional paid-in capital |  |  | 1,293,130 |  |  |  | — |  |  |  | 1,293,130 |
Accumulated other comprehensive (loss) income |  |  | (129,875 | ) |  |  | 134,621 |  |  |  | 4,746 |
Retained earnings |  |  | 318,857 |  |  |  | (134,621 | ) |  |  | 184,236 |
Total shareholders’ equity |  |  | 1,505,060 |  |  |  | — |  |  |  | 1,505,060 |
Total liabilities and shareholders’ equity |  | $ | 2,188,639 |  |  | $ | — |  |  | $ | 2,188,639 |
Condensed Consolidated Statements of Operations | Condensed Consolidated Statements of Operations
|  | For the Year Ended December 31, 2011 |
|  | Originally Reported |  |  | Effect of Accounting Change |  |  | As Adjusted |
|  | (in thousands, except per share amounts) |
Net revenues |  | $ | 1,429,061 |  |  | $ | — |  |  | $ | 1,429,061 |
Cost of revenues |  |  | 715,368 |  |  |  | 1,870 |  |  |  | 717,238 |
Gross profit |  |  | 713,693 |  |  |  | (1,870 | ) |  |  | 711,823 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Engineering and development |  |  | 195,600 |  |  |  | 2,198 |  |  |  | 197,798 |
Selling and administrative |  |  | 233,711 |  |  |  | 1,608 |  |  |  | 235,319 |
Acquired intangible asset amortization |  |  | 40,465 |  |  |  | — |  |  |  | 40,465 |
Restructuring and other |  |  | 8,203 |  |  |  | (1,460 | ) |  |  | 6,743 |
Total operating expenses |  |  | 477,979 |  |  |  | 2,346 |  |  |  | 480,325 |
Income from operations |  |  | 235,714 |  |  |  | (4,216 | ) |  |  | 231,498 |
Interest income |  |  | 6,617 |  |  |  | — |  |  |  | 6,617 |
Interest expense and other |  |  | (23,694 | ) |  |  | — |  |  |  | (23,694 | )
Income from continuing operations before income taxes |  |  | 218,637 |  |  |  | (4,216 | ) |  |  | 214,421 |
Income tax benefit |  |  | (129,256 | ) |  |  | (280 | ) |  |  | (129,536 | )
Income from continuing operations |  |  | 347,893 |  |  |  | (3,936 | ) |  |  | 343,957 |
Income from discontinued operations before income taxes |  |  | 1,278 |  |  |  | — |  |  |  | 1,278 |
Benefit from income taxes |  |  | (267 | ) |  |  | — |  |  |  | (267 | )
Income from discontinued operations |  |  | 1,545 |  |  |  | — |  |  |  | 1,545 |
Gain on disposal of discontinued operations (net of tax of $4,578) |  |  | 24,371 |  |  |  | — |  |  |  | 24,371 |
Net income |  | $ | 373,809 |  |  | $ | (3,936 | ) |  | $ | 369,873 |
Net income per common share from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.88 |  |  | $ | (0.02 | ) |  | $ | 1.86 |
Diluted |  | $ | 1.53 |  |  | $ | (0.01 | ) |  | $ | 1.52 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 2.02 |  |  | $ | (0.02 | ) |  | $ | 2.00 |
Diluted |  | $ | 1.65 |  |  | $ | (0.02 | ) |  | $ | 1.63 |
Weighted average common shares—basic |  |  | 184,683 |  |  |  |  |  |  |  | 184,683 |
Weighted average common shares—diluted |  |  | 226,820 |  |  |  |  |  |  |  | 226,820 |
|  | For the Year Ended December 31, 2010 |
|  | Originally Reported |  |  | Effect of Accounting Change |  |  | As Adjusted |
|  | (in thousands, except per share amounts) |
Net revenues |  | $ | 1,566,162 |  |  | $ | — |  |  | $ | 1,566,162 |
Cost of revenues |  |  | 710,196 |  |  |  | (1,617 | ) |  |  | 708,579 |
Gross profit |  |  | 855,966 |  |  |  | 1,617 |  |  |  | 857,583 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Engineering and development |  |  | 193,017 |  |  |  | (1,154 | ) |  |  | 191,863 |
Selling and administrative |  |  | 226,820 |  |  |  | (1,487 | ) |  |  | 225,333 |
Acquired intangible asset amortization |  |  | 29,250 |  |  |  | — |  |  |  | 29,250 |
Restructuring and other |  |  | (817 | ) |  |  | (2,983 | ) |  |  | (3,800 | )
Total operating expenses |  |  | 448,270 |  |  |  | (5,624 | ) |  |  | 442,646 |
Income from operations |  |  | 407,696 |  |  |  | 7,241 |  |  |  | 414,937 |
Interest income |  |  | 5,861 |  |  |  | — |  |  |  | 5,861 |
Interest expense and other |  |  | (24,451 | ) |  |  | — |  |  |  | (24,451 | )
Income from continuing operations before income taxes |  |  | 389,106 |  |  |  | 7,241 |  |  |  | 396,347 |
Provision for income taxes |  |  | 14,504 |  |  |  | 2,151 |  |  |  | 16,655 |
Income from continuing operations |  |  | 374,602 |  |  |  | 5,090 |  |  |  | 379,692 |
Income from discontinued operations before income taxes |  |  | 5,406 |  |  |  | — |  |  |  | 5,406 |
Provision for income taxes |  |  | 278 |  |  |  | — |  |  |  | 278 |
Income from discontinued operations |  |  | 5,128 |  |  |  | — |  |  |  | 5,128 |
Net income |  | $ | 379,730 |  |  | $ | 5,090 |  |  | $ | 384,820 |
Net income per common share from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 2.08 |  |  | $ | 0.03 |  |  | $ | 2.11 |
Diluted |  | $ | 1.71 |  |  | $ | 0.02 |  |  | $ | 1.73 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 2.11 |  |  | $ | 0.03 |  |  | $ | 2.14 |
Diluted |  | $ | 1.73 |  |  | $ | 0.02 |  |  | $ | 1.75 |
Weighted average common share—basic |  |  | 179,924 |  |  |  |  |  |  |  | 179,924 |
Weighted average common share—diluted |  |  | 226,807 |  |  |  |  |  |  |  | 226,807 |
Condensed Consolidated Statements of Comprehensive Income | Condensed Consolidated Statements of Comprehensive Income
|  | For the Year Ended December 31, 2011 |
|  | Originally Reported |  |  | Effect of Accounting Change |  |  | As Adjusted |
|  | (in thousands) |
Net income |  | $ | 373,809 |  |  | $ | (3,936 | ) |  | $ | 369,873 |
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation reclassification adjustment included in net income |  |  | 2,266 |  |  |  | — |  |  |  | 2,266 |
Unrealized gains on marketable securities |  |  | (3 | ) |  |  | — |  |  |  | (3 | )
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |  |  |  |
Actuarial losses arising during period, net of tax of ($3,427), $3,427 |  |  | (9,496 | ) |  |  | 9,496 |  |  |  | — |
Less: Amortization included in net periodic pension and postretirement costs: |  |  |  |  |  |  |  |  |  |  |  |
Actuarial losses, net of tax of $3,385, ($3,385) |  |  | 5,560 |  |  |  | (5,560 | ) |  |  | — |
Prior service costs, net of tax of $9 |  |  | 14 |  |  |  | — |  |  |  | 14 |
|  |  | 5,574 |  |  |  | (5,560 | ) |  |  | 14 |
Other comprehensive (loss) income |  |  | (1,659 | ) |  |  | 3,936 |  |  |  | 2,277 |
Comprehensive income |  | $ | 372,150 |  |  | $ | — |  |  | $ | 372,150 |
|  | For the Year Ended December 31, 2010 |
|  | Originally Reported |  |  | Effect of Accounting Change |  |  | As Adjusted |
|  | (in thousands) |
Net income |  | $ | 379,730 |  |  | $ | 5,090 |  |  | $ | 384,820 |
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation reclassification adjustment included in net income |  |  | (349 | ) |  |  | — |  |  |  | (349 | )
Unrealized gains on marketable securities |  |  | 1,559 |  |  |  | — |  |  |  | 1,559 |
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |  |  |  |
Actuarial gains arising during period, net of tax of ($1,826), $1,826 |  |  | (288 | ) |  |  | 288 |  |  |  | — |
Prior service cost arising during period, net of tax of $0 |  |  | 3,279 |  |  |  | — |  |  |  | 3,279 |
Less: Amortization included in net periodic pension and post-retirement costs: |  |  |  |  |  |  |  |  |  |  |  |
Actuarial losses, net of tax of $133, ($133) |  |  | 5,378 |  |  |  | (5,378 | ) |  |  | — |
Prior service costs, net of tax of $0 |  |  | 310 |  |  |  | — |  |  |  | 310 |
|  |  | 5,688 |  |  |  | (5,378 | ) |  |  | 310 |
Other comprehensive income |  |  | 9,889 |  |  |  | (5,090 | ) |  |  | 4,799 |
Comprehensive income |  | $ | 389,619 |  |  | $ | — |  |  | $ | 389,619 |
Condensed Consolidated Statements of Cash Flows | Condensed Consolidated Statements of Cash Flows
|  | For the Year Ended December 31, 2011 |
|  | Originally Reported |  |  | Effect of Accounting Change |  |  | As Adjusted |
|  | (in thousands) |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 373,809 |  |  | $ | (3,936 | ) |  | $ | 369,873 |
Less: Income from discontinued operations |  |  | 1,545 |  |  |  | — |  |  |  | 1,545 |
Less: Gain on disposal of discontinued operations |  |  | 24,371 |  |  |  | — |  |  |  | 24,371 |
Income from continuing operations |  |  | 347,893 |  |  |  | (3,936 | ) |  |  | 343,957 |
Adjustments to reconcile income from continuing operations to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 51,040 |  |  |  | — |  |  |  | 51,040 |
Amortization |  |  | 62,284 |  |  |  | (8,946 | ) |  |  | 53,338 |
Stock-based compensation |  |  | 32,337 |  |  |  | — |  |  |  | 32,337 |
Provision for excess and obsolete inventory |  |  | 11,601 |  |  |  | — |  |  |  | 11,601 |
Non cash charge for the sale of inventories revalued at the date of acquisition |  |  | 12,178 |  |  |  | — |  |  |  | 12,178 |
Retirement plan actuarial losses |  |  | — |  |  |  | 13,564 |  |  |  | 13,564 |
Deferred taxes |  |  | (146,669 | ) |  |  | (280 | ) |  |  | (146,949 | )
Other |  |  | 1,911 |  |  |  | (402 | ) |  |  | 1,509 |
Changes in operating assets and liabilities, net of businesses sold and acquired: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  |  | 66,367 |  |  |  | — |  |  |  | 66,367 |
Inventories |  |  | (615 | ) |  |  | — |  |  |  | (615 | )
Other assets |  |  | (22,600 | ) |  |  | — |  |  |  | (22,600 | )
Deferred revenue and customer advances |  |  | (68,359 | ) |  |  | — |  |  |  | (68,359 | )
Accounts payable and other accrued expenses |  |  | (48,222 | ) |  |  | — |  |  |  | (48,222 | )
Retirement plan contributions |  |  | (11,851 | ) |  |  | — |  |  |  | (11,851 | )
Accrued income taxes |  |  | (8,727 | ) |  |  | — |  |  |  | (8,727 | )
Net cash provided by continuing operations |  | $ | 278,568 |  |  | $ | — |  |  | $ | 278,568 |
Net cash used for discontinued operations |  |  | (4,804 | ) |  |  | — |  |  |  | (4,804 | )
Net cash provided by operating activities |  |  | 273,764 |  |  |  | — |  |  |  | 273,764 |
Net cash used for investing activities |  |  | (81,457 | ) |  |  | — |  |  |  | (81,457 | )
Net cash used for financing activities |  |  | (16,308 | ) |  |  | — |  |  |  | (16,308 | )
Increase in cash and cash equivalents |  |  | 175,999 |  |  |  | — |  |  |  | 175,999 |
Cash and cash equivalents at beginning of year |  |  | 397,737 |  |  |  | — |  |  |  | 397,737 |
Cash and cash equivalents at end of year |  | $ | 573,736 |  |  | $ | — |  |  | $ | 573,736 |
|  | For the Year Ended December 31, 2010 |
|  | Originally Reported |  |  | Effect of Accounting Change |  |  | As Adjusted |
|  | (in thousands) |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 379,730 |  |  | $ | 5,090 |  |  | $ | 384,820 |
Less: Income from discontinued operations |  |  | 5,128 |  |  |  | — |  |  |  | 5,128 |
Income from continuing operations |  |  | 374,602 |  |  |  | 5,090 |  |  |  | 379,692 |
Adjustments to reconcile income from continuing operations to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 52,810 |  |  |  | — |  |  |  | 52,810 |
Amortization |  |  | 46,217 |  |  |  | (5,511 | ) |  |  | 40,706 |
Stock-based compensation |  |  | 29,777 |  |  |  | — |  |  |  | 29,777 |
Provision for excess and obsolete inventory |  |  | 5,971 |  |  |  | — |  |  |  | 5,971 |
Retirement plan actuarial losses |  |  | — |  |  |  | (1,351 | ) |  |  | (1,351 | )
Deferred taxes |  |  | (3,670 | ) |  |  | 2,151 |  |  |  | (1,519 | )
Other |  |  | 2,907 |  |  |  | (379 | ) |  |  | 2,528 |
Changes in operating assets and liabilities, net of businesses sold: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  |  | (50,418 | ) |  |  | — |  |  |  | (50,418 | )
Inventories |  |  | 3,715 |  |  |  | — |  |  |  | 3,715 |
Other assets |  |  | 8,460 |  |  |  | — |  |  |  | 8,460 |
Deferred revenue and customer advances |  |  | 72,744 |  |  |  | — |  |  |  | 72,744 |
Accounts payable and other accrued expenses |  |  | 62,201 |  |  |  | — |  |  |  | 62,201 |
Retirement plan contributions |  |  | (52,452 | ) |  |  | — |  |  |  | (52,452 | )
Accrued income taxes |  |  | 8,465 |  |  |  | — |  |  |  | 8,465 |
Net cash provided by continuing operations |  |  | 561,329 |  |  |  | — |  |  |  | 561,329 |
Net cash provided by discontinued operations |  |  | 4,957 |  |  |  | — |  |  |  | 4,957 |
Net cash provided by operating activities |  |  | 566,286 |  |  |  | — |  |  |  | 566,286 |
Net cash used for investing activities |  |  | (627,660 | ) |  |  | — |  |  |  | (627,660 | )
Net cash provided by financing activities |  |  | 42,374 |  |  |  | — |  |  |  | 42,374 |
Decrease in cash and cash equivalents |  |  | (19,000 | ) |  |  | — |  |  |  | (19,000 | )
Cash and cash equivalents at beginning of year |  |  | 416,737 |  |  |  | — |  |  |  | 416,737 |
Cash and cash equivalents at end of year |  | $ | 397,737 |  |  | $ | — |  |  | $ | 397,737 |

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