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FORM 10-K
44
Consolidated Statements of Shareholders' Equity
(In thousands)
Common Stock
Shares Par Value
Additional
Paid-In
Capital
Retained
Earnings Total
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
Net income — — — 778,182 778,182
Issuance of common stock under employee benefit
plans, net of forfeitures and shares withheld to cover
taxes 86 1 11,180 — 11,181
Net issuance of common stock upon exercise of
stock options 1,320 13 59,581 — 59,594
Excess tax benefit of stock options exercised — — 49,150 — 49,150
Share based compensation — — 20,474 — 20,474
Share repurchases, including fees (5,743)(57)(64,385)(802,042) (866,484)
Balance at December 31, 2014 101,603 $ 1,016 $ 1,194,929 $ 822,473 $ 2,018,418
See accompanying Notes to consolidated financial statements.