RESTATEMENT OF UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Tables)

6 Months Ended

Jun. 30, 2012

Condensed Consolidated Balance Sheet - June 30, 2011 (unaudited)


	Balance as at June 30, 2011 As Reported			Adjustments			Balance as at June 30, 2011 Restated
Current Assets
Cash and cash equivalents	$	126,534		$	0		$	126,534
Accounts receivable, net of allowance for doubtful accounts of $34,586 as reported and $35,554 as restated		310,850			(60,397	)		250,453
Inventories		137,407			12,753			150,160
Prepaid expenses and other current assets		58,043			528			58,571
Deferred income taxes		94,473			(1,410	)		93,063
Debt issuance cost		2,884			0			2,884


Total Current Assets		730,191			(48,526	)		681,665

Intangible assets, net		699,127			0			699,127
Goodwill, net		1,869,558			4,046			1,873,604
Property, plant and equipment, net		224,768			(3,265	)		221,503
Deferred income taxes		42,625			0			42,625
Debt issuance costs		15,110			0			15,110


Total Non-Current Assets		2,851,188			781			2,851,969


Total Assets		3,581,379			(47,745	)		3,533,634


Current Liabilities
Trade accounts payable		81,931			472			82,403
Bank loans and overdraft facilities		65,375			0			65,375
Income taxes payable		1,190			0			1,190
Taxes other than income taxes		114,435			(2,511	)		111,924
Other accrued liabilities		44,160			(1,128	)		43,032
Current portions of obligations under capital leases		916			0			916


Total Current Liabilities		308,007			(3,167	)		304,840

Long-term debt, less current maturities		21,592			0			21,592
Long-term obligations under capital leases		892			0			892
Long-term obligations under Senior Notes		1,301,942			0			1,301,942
Long-term accruals		2,368			(32	)		2,336
Deferred income taxes		185,021			0			185,021


Total Long-Term Liabilities		1,511,815			(32	)		1,511,783

Stockholders’ Equity
Common Stock ($0.01 par value, 120,000,000 shares authorized, 72,732,559 shares issued and outstanding)		727			0			727
Additional paid-in-capital		1,368,202			0			1,368,202
Retained earnings		164,385			(44,252	)		120,133
Accumulated other comprehensive income		228,393			(294	)		228,099
Less Treasury Stock at cost (246,037 shares)		(150	)		0			(150	)


Total Stockholder’s Equity		1,761,557			(44,546	)		1,717,011


Total Liabilities and Stockholders’ Equity	$	3,581,379		$	(47,745	)	$	3,533,634

Condensed Consolidated Statement of Operations

Condensed Consolidated Statement of Operations - Six months ended June 30, 2011 (unaudited)


	Six months ended June 30, 2011 As reported			Adjustments			Six months ended June 30, 2011 Restated

Sales	$	776,140		$	(32,221	)	$	743,919
Excise taxes		(407,472	)		263			(407,209	)
Net sales		368,668			(31,958	)		336,710
Cost of goods sold		224,089			(14,696	)		209,393


Gross profit		144,579			(17,262	)		127,317


Selling, general and administrative expenses		126,295			(7,169	)		119,126
Gain on remeasurement of previously held equity interests		(7,898	)		0			(7,898	)


Operating income		26,182			(10,093	)		16,089


Non operating income / (expense), net
Interest income / (expense), net		(55,213	)		0			(55,213	)
Other financial income / (expense), net		49,794			(264	)		49,530
Other non operating income / (expense), net		(3,637	)		0			(3,637	)


Income / (loss) before taxes and equity in net income from unconsolidated investments		17,126			(10,357	)		6,769


Income tax benefit / (expense)		(4,177	)		(13	)		(4,190	)
Equity in net income / (losses) of affiliates		(8,814	)		868			(7,946	)


Net income / (loss)	$	4,135		$	(9,502	)	$	(5,367	)

Net income / (loss) from operations per share of common stock, basic	$	0.06		$	(0.13	)	$	(0.07	)
Net income / (loss) from operations per share of common stock, diluted	$	0.06		$	(0.13	)	$	(0.07	)
Other comprehensive income/(loss), net of tax:
Foreign currency translation adjustments		168,169			(3,569	)		164,600

Comprehensive income/(loss) attributable to the company	$	172,304		$	(13,071	)	$	159,233

Condensed Consolidated Statement of Operations - Three months ended June 30, 2011 (unaudited)


	Three months ended June 30, 2011 As reported			Adjustments			Three months ended June 30, 2011 Restated

Sales	$	440,001		$	(14,163	)	$	425,838
Excise taxes		(228,044	)		562			(227,482	)
Net sales		211,957			(13,601	)		198,356
Cost of goods sold		126,715			(3,007	)		123,708


Gross profit		85,242			(10,594	)		74,648


Selling, general and administrative expenses		68,418			(4,662	)		63,756


Operating income		16,824			(5,932	)		10,892


Non operating income / (expense), net
Interest income / (expense), net		(28,361	)		0			(28,361	)
Other financial income / (expense), net		18,748			260			19,008
Other non operating income / (expense), net		(2,661	)		0			(2,661	)


Income / (loss) before taxes and equity in net income from unconsolidated investments		4,550			(5,672	)		(1,122	)


Income tax benefit / (expense)		(1,536	)		(675	)		(2,211	)

Net income / (loss)	$	3,014		$	(6,347	)	$	(3,333	)

Net income / (loss) from operations per share of common stock, basic	$	0.04		$	(0.09	)	$	(0.05	)
Net income / (loss) from operations per share of common stock, diluted	$	0.04		$	(0.09	)	$	(0.05	)
Other comprehensive income/(loss), net of tax:
Foreign currency translation adjustments		31,153			(725	)		30,428

Comprehensive income/(loss) attributable to the company	$	34,167		$	(7,072	)	$	27,095

Condensed Consolidated Statement of Cash Flow

Condensed Consolidated Statement of Cash Flow - Six months ended June 30, 2011 (unaudited)


	Six months ended June 30, 2011 As reported			Adjustments			Six months ended June 30, 2011 Restated
Cash flows from operating activities of continuing operations
Net income / (loss)	$	4,135		$	(9,502	)	$	(5,367	)
Adjustments to reconcile net income / (loss) to net cash provided by operating activities:
Depreciation and amortization		10,765			0			10,765
Deferred income taxes		(4,216	)		(1,455	)		(5,671	)
Unrealized foreign exchange (gains) / losses		(50,732	)		(208	)		(50,940	)
Stock options fair value expense		1,336			0			1,336
Equity (income) / loss in affiliates		8,814			(868	)		7,946
Gain on fair value remeasurement of previously held equity interest		(6,397	)		0			(6,397	)
Other non cash items		2,803			(9	)		2,794
Changes in operating assets and liabilities:
Accounts receivable		263,804			11,057			274,861
Inventories		(2,353	)		(14,680	)		(17,033	)
Prepaid expenses and other current assets		(12,327	)		(1,541	)		(13,868	)
Trade accounts payable		(83,383	)		23,832			(59,551	)
Other accrued liabilities and payables		(89,111	)		(6,430	)		(95,541	)

Net cash provided by operating activities from continuing operations		43,138			196			43,334

Cash flows from investing activities of continuing operations
Purchase of fixed assets		(3,181	)		12			(3,169	)
Purchase of intangibles		(693	)		0			(693	)
Purchase of trademarks		(17,473	)		0			(17,473	)
Acquisitions of subsidiaries, net of cash acquired		(24,124	)		0			(24,124	)

Net cash provided by / (used in) investing activities from continuing operations		(45,471	)		12			(45,459	)

Cash flows from financing activities of continuing operations
Borrowing on banks loans, overdraft facility and other borrowings		30,983			0			30,983
Payment of bank loans, overdraft facility and other borrowings		(34,401	)		0			(34,401	)
Decrease in short term capital leases payable		(277	)		0			(277	)
Options exercised		72			0			72

Net cash used in financing activities from continuing operations		(3,623	)		0			(3,623	)
Currency effect on brought forward cash balances		10,166			0			10,166
Net increase in cash		4,210			208			4,418
Cash and cash equivalents at beginning of period		122,324			(208	)		122,116

Cash and cash equivalents at end of period		126,534			0			126,534

Supplemental Schedule of Non-cash Investing Activities
Common stock issued in connection with investment in subsidiaries	$	23,175		$	0		$	23,175

Supplemental disclosures of cash flow information
Interest paid	$	44,251		$	0		$	44,251
Income tax paid	$	8,950		$	0		$	8,950

Condensed Consolidated Statements of Changes in Stockholders' Equity

Condensed Consolidated Statement of Changes in Stockholders’ Equity - June 30, 2011 (unaudited)


	Balance as at June 30, 2011 As Reported			Adjustments			Balance as at June 30, 2011 Restated
Common Stock	$	727		$	0		$	727
Additional Paid-in Capital		1,368,202			0			1,368,202
Retained Earnings		164,385			(44,252	)		120,133
Accumulated other comprehensive income		228,393			(294	)		228,099
Less Treasury Stock at cost		(150	)		0			(150	)


Total	$	1,761,557		$	(44,546	)	$	1,717,011