| Calculation Of Basic And Diluted Earnings Per Share |
| |
|
|
(Denominator) |
|
|
|
(Denominator) |
|
|
|
(Denominator) |
|
|
|
|
For the Three Months Ended September 30, 2011 |
|
|
|
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per Share
Amount |
|
|
Basic earnings per common share |
|
$ |
49,232 |
|
|
|
181,718 |
|
|
$ |
.27 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dilutive effect of stock options |
|
|
0 |
|
|
|
862 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share |
|
$ |
49,232 |
|
|
|
182,580 |
|
|
$ |
.27 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended September 30, 2010 |
|
|
|
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per Share
Amount |
|
|
Basic earnings per common share |
|
$ |
56,389 |
|
|
|
187,964 |
|
|
$ |
.30 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dilutive effect of stock options |
|
|
0 |
|
|
|
1,557 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share |
|
$ |
56,389 |
|
|
|
189,521 |
|
|
$ |
.30 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
(Denominator) |
|
|
|
(Denominator) |
|
|
|
(Denominator) |
|
|
|
|
For the Nine Months Ended September 30, 2011 |
|
|
|
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per Share
Amount |
|
|
Basic earnings per common share |
|
$ |
160,563 |
|
|
|
184,030 |
|
|
$ |
.87 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dilutive effect of stock options |
|
|
0 |
|
|
|
2,002 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share |
|
$ |
160,563 |
|
|
|
186,032 |
|
|
$ |
.86 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, 2010 |
|
|
|
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per Share
Amount |
|
|
Basic earnings per common share |
|
$ |
169,287 |
|
|
|
189,090 |
|
|
$ |
.90 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dilutive effect of stock options |
|
|
0 |
|
|
|
1,604 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share |
|
$ |
169,287 |
|
|
|
190,694 |
|
|
$ |
.89 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
| Adjustments To Reconcile Net Income To Net Cash Provided By Operating Activities |
| |
|
|
|
|
|
|
|
|
|
|
|
2011 |
|
|
2010 |
|
|
Net income |
|
$ |
161,797 |
|
|
$ |
170,418 |
|
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
16,348 |
|
|
|
16,392 |
|
|
Amortization |
|
|
20,031 |
|
|
|
17,895 |
|
|
Equity in earnings of unconsolidated affiliate |
|
|
(82,387 |
) |
|
|
(72,839 |
) |
|
Distributions received from unconsolidated affiliate |
|
|
78,550 |
|
|
|
46,266 |
|
|
Stock-based compensation |
|
|
10,966 |
|
|
|
16,403 |
|
|
Provision for losses on receivables |
|
|
(98 |
) |
|
|
(646 |
) |
|
Deferred income tax expense |
|
|
(1,834 |
) |
|
|
5,046 |
|
|
Net realized gains from investments |
|
|
(3,912 |
) |
|
|
(30,435 |
) |
|
Change in other long-term liabilities |
|
|
5,527 |
|
|
|
110 |
|
|
Other |
|
|
(4,484 |
) |
|
|
1,440 |
|
|
Change in current asset and liabilities |
|
|
|
|
|
|
|
|
|
Decrease (increase) in |
|
|
|
|
|
|
|
|
|
Receivables from regulated investment companies |
|
|
1,789 |
|
|
|
1,045 |
|
|
Receivables |
|
|
(8,703 |
) |
|
|
(22,217 |
) |
|
Other current assets |
|
|
(1,276 |
) |
|
|
(3,567 |
) |
|
Increase (decrease) in |
|
|
|
|
|
|
|
|
|
Accounts payable |
|
|
2,322 |
|
|
|
2,378 |
|
|
Accrued liabilities |
|
|
(18,601 |
) |
|
|
(26,049 |
) |
|
Deferred revenue |
|
|
(499 |
) |
|
|
(795 |
) |
| |
|
|
|
|
|
|
|
|
|
Total adjustments |
|
|
13,739 |
|
|
|
(49,573 |
) |
|
Net cash provided by operating activities |
|
$ |
175,536 |
|
|
$ |
120,845 |
|
| |
|
|
|
|
|
|
|
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