XML 65 R32.htm IDEA: XBRL DOCUMENT v2.4.1.9
Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)
The following is a summary of the quarterly results of operations of the Company for the years ended December 31, 2013 and 2014.
 
2013
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenue
$
502.2

 
$
541.0

 
$
551.6

 
$
594.0

Operating income
150.5

 
161.4

 
169.1

 
153.1

Income before income taxes
167.3

 
172.4

 
187.4

 
336.6

Net income (controlling interest)
62.4

 
64.7

 
75.2

 
158.2

Earnings per share (diluted)
$
1.15

 
$
1.18

 
$
1.37

 
$
2.79

 
2014
 
First
Quarter
 
Second
Quarter (1)
 
Third
Quarter (1)
 
Fourth
Quarter
Revenue
$
593.1

 
$
636.3

 
$
640.3

 
$
641.2

Operating income
193.9

 
198.4

 
224.2

 
198.7

Income before income taxes
208.2

 
239.1

 
253.4

 
312.8

Net income (controlling interest)
77.2

 
99.1

 
103.2

 
172.6

Earnings per share (diluted)
$
1.40

 
$
1.75

 
$
1.82

 
$
3.02


_______________________________________________________________________________

(1)
In the fourth quarter of 2014, the Company finalized its purchase price allocation for its investment in EIG.  The final purchase price allocation resulted in a change in Income from equity method investments and Intangible-related deferred taxes in the second and third quarters of 2014.  Income before taxes decreased $1.6 million and $1.7 million in the second and third quarters, respectively, Net income (controlling interest) decreased $1.0 million and $1.1 million in the second and third quarters, respectively, and Earnings per share (diluted) decreased $0.02 in both periods.