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FORM 10-K
49
Consolidated Statements of Shareholders' Equity
(In thousands)
Common Stock
Shares Par Value
Additional
Paid-In Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss) Total
Balance at December 31, 2010 141,026 $ 1,410 $ 1,141,749 $ 2,069,496 $ (2,970) $ 3,209,685
Net income — — — 507,673 — 507,673
Reclassification adjustment for unrealized
losses on cash flow hedge, net of tax of
$1,875, included in net income ————2,970 2,970
Issuance of common stock under employee
benefit plans, net of forfeitures and shares
withheld to cover taxes 170 2 9,037 — — 9,039
Net issuance of common stock upon exercise
of stock options 1,861 19 50,290 — — 50,309
Excess tax benefit of stock options exercised — — 22,885 — — 22,885
Share based compensation — — 18,922 — — 18,922
Share repurchases, including fees (15,877) (159) (132,778) (843,695) — (976,632)
Balance at December 31, 2011 127,180 $ 1,272 $ 1,110,105 $ 1,733,474 $ — $ 2,844,851
Net income — — — 585,746 — 585,746
Issuance of common stock under employee
benefit plans, net of forfeitures and shares
withheld to cover taxes 124 1 9,552 — — 9,553
Net issuance of common stock upon exercise
of stock options 1,860 19 54,857 — — 54,876
Excess tax benefit of stock options exercised — — 38,572 — — 38,572
Share based compensation — — 19,996 — — 19,996
Share repurchases, including fees (16,201) (162) (149,172) (1,295,953) — (1,445,287)
Balance at December 31, 2012 112,963 $ 1,130 $ 1,083,910 $ 1,023,267 $ — $ 2,108,307
Net income — — — 670,292 — 670,292
Issuance of common stock under employee
benefit plans, net of forfeitures and shares
withheld to cover taxes 113 — 10,663 — — 10,663
Net issuance of common stock upon exercise
of stock options 1,393 14 59,731 — — 59,745
Excess tax benefit of stock options exercised — — 30,811 — — 30,811
Share based compensation — — 19,531 — — 19,531
Share repurchases, including fees (8,529) (85) (85,717) (847,226) — (933,028)
Balance at December 31, 2013 105,940 $ 1,059 $ 1,118,929 $ 846,333 $ — $ 1,966,321
See accompanying Notes to consolidated financial statements.